PARIS Oct 13 French retailer Casino
said on Thursday group sales growth slowed in the third quarter,
held back by a weaker performance in its core French market.
Stripping out acquisitions, currency effects and revenue on
fuel, sales rose by 2.9 percent over the period to 10.425
billion euros ($11.68 billion), a deceleration from the 3.8
percent growth seen in the second quarter.
The group, which saw its credit rating cut to junk status by
Standard & Poor's in March, however kept its goal for a rise in
in full-year profit in France to over 500 million euros.
In France, the Monoprix chain suffered from unfavourable
weather conditions and a decline in tourist activity in Paris,
on top of store closures, which had also a negative impact.
($1 = 0.8928 euros)
(Reporting by Dominique Vidalon, Editing by Mathieu Rosemain)