This article contains promotional content. (August 2017) |
| Type of business | Limited company |
|---|---|
Type of site | E-commerce |
| Founded | December 4, 1998 |
| Headquarters | Bordeaux, France |
| Owner | Cnova |
| Founder(s) | Hervé, Christophe and Nicolas Charle |
| Key people | Thomas Métivier (CEO) |
| Industry | Internet, online retailing |
| Products | Cultural, high-tech, information technology, housewares, apparel and accessories, personal care and beauty, food, children, services |
| Revenue | €4,2 billion (2020) |
| Employees | 2,000 (2020) |
| URL | cdiscount |
Cdiscount is a French e-commerce platform, ranking as the third largest in the country after Amazon.fr and Veepee.fr.[citation needed] The platform offers a wide range of products, including electronics, household appliances, and food.
In 2013, Cdiscount held a significant position in the French e-commerce industry, boasting the highest turnover with a growth rate that exceeded the market's average for that year.[1]
Cdiscount's operations extend across six countries, including France, Belgium, Germany, Spain, Italy, and Luxembourg.
History
editFounded in December 1998 by three brothers, Hervé, Christophe and Nicolas Charle, Cdiscount has been a subsidiary of Casino Group since February 2000.[2] In September 2008 Casino Group increased both its direct and indirect participation to 79,6% of the capital and adopted a new structure with a board constituted of Casino founders and representatives.
In January 2011, Casino Group bought the Charle brothers' shares and now possess 99.6% of the capital.
In October 2014, Cdiscount continues its internationalization with the opening of cdiscount.com.br in Brazil, with the support of Cnova Brasil.[3][4]
On 23 May 2019, Rallye S.A., owner of Groupe Casino, declared bankruptcy protection in an effort to maintain its high debt costs. Casino later announced that same day that the bankruptcy would not affect any of their subsidiaries and that operations would continue normally.[5][6]
In 2023, Cdiscount's parent Casino announced that they have completed a deal to avoid bankruptcy. This restructuring procedure would allow for the company to cut high debt and improve recent losses to other rival supermarket corporations.[7] In 2024, Casino USA filed for Chapter 15 bankruptcy.[8]
Operations
editCdiscount.com is an online retailer for goods and services. Its range is structured around 40 stores organized in categories: cultural goods, high-tech, IT, household appliances, and personal appliances (games, toys…). In order to grow further Cdiscount has incorporated high-potential goods and services under their banner (financing, insurance, travel, wine, mobile phone subscription…).[9]
In 2006 Cdiscount opened a pilot physical store in Le Bouscat near Bordeaux (France) that utilises sales data from the websites to select only the best-selling products. This store also acted as a delivery point for small packages.
A second store opened up in 2011 in Paris's 7th district, Rue du Bac.[10] This store displays the bestsellers from the website in every category, totalling over 2000 products across high-tech, IT, appliances, toys, DVDs, video games, and wines and spirits.
The company being based in Bordeaux (region of Gironde), products are stocked in the area in the logistics site of Cestas Pot au Pin.
Distribution strategy
editThis section needs additional citations for verification. (July 2024) |
Since the involvement of Casino Group with Cdiscount the distribution strategy has evolved and now incorporates the Casino Group stores. New delivery points dedicated to Cdiscount are being built in the Casino stores.
- June 2010: Integration in "Petit Casino" stores for packages that weigh less than 30 kg
- Late 2010: Every store integrated
- 2011 1st semester: all of the mini supermarkets retail network integrated
- October 2011: Cdiscount opens a store in Paris (Rue du Bac, 7th District)
References
edit- ^ Cdiscount, premier e-commerçant de France[dead link], Journal du Net, June 11, 2013
- ^ "Cdiscount profile on Groupe Casino website". Archived from the original on 2014-10-15. Retrieved 2014-10-09.
- ^ Cnova launches Cdiscount in Brazil: cdiscount.com.br, Groupe Casino, October 23, 2014
- ^ "Open Gaming Society". Saturday, 21 December 2019
- ^ "Casino Group parent Rallye enters bankruptcy protection". S&P Global. 24 May 2019. Retrieved 17 February 2024.
- ^ "Financial Report 2021" (PDF). Groupe Casino IR. 1 March 2022. pp. 20, 21, 22, 49, 68, 106. Archived (PDF) from the original on 10 September 2022. Retrieved 10 September 2022.
- ^ "French retailer Casino finalises rescue deal led by Czech tycoon". Reuters. 5 October 2023. Retrieved 17 February 2024.
- ^ "Groupe Casino: Proceedings for recognition of financial restructuring in the United States (Chapter 15)". Yahoo! Finance. 16 February 2024. Retrieved 17 February 2024.
- ^ Cdiscount Sa - private company, Bloomberg
- ^ Cdiscount ouvre sa première boutique à Paris[dead link], Challenges, October 17, 2011
