Preliminary results for the year ended 28 January 2012
3. Expanding our total French business
- Sales up 10%(1), profits up 42%(1)
- Retail profit margin up 210bps to 9.5% supported by:
- Buying optimisation benefits
- Shrinkage reduction
- More direct sourcing
- Added 12% net new space
- Castorama modernisation accelerated
- 66% of stores now in modern format, up from 42% in 2007/08
- Innovative 'Do-it-Smart' programme launched
- Constant currencies
