Report
Clement Genelot

Retail & E.commerce: Discretionary spending remained strong throughout the summer

Retail & E.commerce
Discretionary spending remained strong throughout the summer

Fnac Darty confirmed the strong consumption trend throughout summer
But cautiousness still prevails on Fnac Darty because of Black Friday and margins
Positive read-across for furniture players: MdM and Roche Bobois
Buy reiterated on Ceconomy
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Clement Genelot

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