Debt-ridden retailer Casino Q3 sales down 5.3% as France weighs

Reuters - 31/10
Debt-burdened retailer Casino said on Tuesday group sales fell 5.3% in the third quarter, as weakness in its core French market outpaced robust growth in Brazil.

PARIS, Oct 31 (Reuters) - Debt-burdened retailer Casino (CASP.PA) said on Tuesday group sales fell 5.3% in the third quarter, as weakness in its core French market outpaced robust growth in Brazil.

Consolidated group net sales fell 5.3% on a same-store basis in the third quarter to 4.562 billion euros ($4.83 billion), the retailer said in a statement.

Last week, Casino reported French retail sales fell 5.6% in the third quarter year on year on a same-store basis, reflecting an 18.6% fall in hypermarket sales and an 11.5% fall in supermarket sales....
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