Training Mind-sets


Cnova operated at the same time a strategic shift in the product mix, accelerating the sales of Home, Leisure and Beauty (+18% GMV on a full year basis) with positive impact on margins and client repurchase rates. Digital marketing revenues were up +31%, driving profitability. Cnova offers marketing services to both its 1,400 suppliers and 13,000 marketplace sellers, enabling them to investigate this site promote their products and their brands in order to accelerate their sales. EBITDA soared by +62.5% to €133m and EBIT was multiplied by 3.6x to reach €53m The marketplace revenues went up by +23.1% and reached €182m The strategic product mix move towards Home, Leisure & Beauty brought higher margin Digital marketing services to marketplace sellers and suppliers grew by +31.3% A strong +22% marketplace expansion accelerating in the 2nd half of the year GMV share went up +5.3 pts to 43.6% on a full year basis and accelerated +6.1pts to 44.5% in H2 Marketplace KPIs accelerated in the 2nd half of the year with +30.0% orders (+26.1% on a full year basis) and 27.1% items sold (+23.8% on a full year basis) The marketplace sales fulfilled by Cdiscount grew by +26.4% on a full year basis to reach 32.8% of marketplace GMV Strong free cash flow generation before financial expenses of +€73m It was supported by a strong +€51m EBITDA improvement, a +€64m positive change in working capital and sustained net CAPEX of €71m A new B2B strategic move with the development in 2020 and the launch in 2021 of a turnkey marketplace solution for retailers and e-merchants Comprehensive solution including products & merchants, technology and fulfilment services Access to 100 million SKUs and 13k merchant base “In 2020, a year marked with exceptional challenges, we managed to serve our 10 million clients with an unlimited offer to cover all their needs, reaching record-high customer satisfaction and strengthening our position as the French ecommerce leader. We were also committed to using our platform to help those in need: SMEs to maintain their activity through our marketplace and distribution of millions of masks. 2020 also confirmed the relevance of our strategic evolution towards a platform model driven by our marketplace, rewarded with a solid and profitable growth. We will push our model evolution further in 2021 with a new development phase. We recently launched a comprehensive, turnkey marketplace solution for international retailers and e-merchants targeting a very deep and increasing EMEA market. With more than 100 million products, a 13,000 merchant base, a complete fulfilment service and best-in-class technology, this is a unique offer that will be a strategic pillar for our international growth and profitability in the years to come.” driven by the marketplace, which contributed +10.6 points in the 4th quarter 2020 and +7.0 points for the full year. International GMV doubled while B2C services (excluding Travel) also experienced a strong growth boosted by a strategic evolution initiated in the 2nd quarter towards Home, Leisure and Beauty, bringing more repurchase, loyalty and profitability thanks to higher margins negatively impacted by a decreasing Travel market following COVID-19 restrictions, both in France and abroad. Travel activity impacted growth by -1 point Black Friday, promoting soft and fair trade, broke its previous year record for the 4th consecutive year. Clients growth was very dynamic in the 4th quarter with a +21% increase of total clients, boosted by 1.2 million new client recruitments (+31% compared to last year). On a full year basis, Cnova client base reached 10.3 million, an increase of +12%. Cdiscount à Volonté (“CDAV”), Cdiscount’s loyalty program, now encompasses 2.3 million members (+10%) benefiting from 1.5 million SKUs available for express delivery, +23% compared to last year. *re-presented to take into account Haltae (Stootie operations legal entity) financials reclassified in discontinued activities Net sales amounted to €2,225m in 2020, a +2.2% organic growth compared to 2019. Net sales recorded the impact of the acceleration of the profitable shift of product sales towards marketplace sales, which are only recognized for the amount of the associated commissions.

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Cancer: 6 Lifestyle Changes You Need to Make to Prevent The Deadly Disease Dr. Nikhil Kalyani, Consultant Radiation Oncology, Jaslok Hospital, and Research, Mumbai shares his inputs on lifestyle factors that are leading causes for cancer incidence, morbidity, and mortality. Picture for representational purpose only. Photo Courtesy: IANS Cancer incidence and mortality are rising worldwide with cancer being one of the top three causes of mortality in the world. Head & neck cancer and breast cancer are the commonest cancer in our country. Lifestyle and environmental factors cause about 80% of total cancers, the rest being caused by genetic factors. Also Read - Sattu: The Desi Superfood And Why You Must Include It In Your Summer Diet Dr. Nikhil Kalyani, Consultant Radiation Oncology, Jaslok Hospital, and Research, Mumbai shares his inputs on lifestyle factors that are leading causes for cancer incidence, morbidity, and mortality. The commonest factors are smoking, alcohol consumption, lack of physical activity, obesity, and diet (red meat, fried food). Economic development and demographic changes have caused a rise in lifestyle-related cancers like head neck cancer, lung cancer, colorectal cancer, breast cancer, endometrial cancer, etc. Also Read - Horoscope, February 20, 2021: Virgos to Look For Matrimony, Aries to Have a Lazy Day Tobacco consumption (smoking and smokeless) is the commonest factor causing approximately 20% of cancer worldwide most common being head neck and lung cancer. Tobacco consumption alone can cause about 10 types of cancers. Obesity and high caloric diet can cause cancers like breast, endometrium, and colorectal cancer. A sedentary lifestyle with less physical activity has a multiplier effect on cancer development with other factors. Also Read - Side-Effects of Coffee: Stop Consuming The Beverage if You Have These Health Issues Cancer incidence in developed societies can be reduced by half with primary prevention and modifying lifestyle mainly lung and breast cancer. Following lifestyle modifications can act as primary prevention against cancer: