All Carrefour articles – Page 10

  • News

    Carrefour’s global brand director departs

    2012-01-25T07:00:00Z

    Carrefour ’s global brand director Laurent Blum has left the retailer. Before his appointment by chief executive Lars Olofsson at the end of 2009, Blum was vice-president of Nestlé Waters France, responsible for marketing and sales. Blum will reportedly not be replaced, and his duties will be reassigned between the ...

  • Carrefour Planet
    Analysis

    Etail has left the future of hypermarkets in doubt

    January 20 2012

    The 1960s were a momentous decade for retail.

  • News

    Carrefour sells 97 supermarket properties

    2012-01-05T07:00:00Z

    Carrefour has sold 97 supermarket properties to La Française AM, an investment fund majority-owned by Crédit Mutuel Nord for e365m (£305.5m). The properties were previously held by Carrefour’s real-estate branch, Carrefour Property. Carrefour will continue to operate the stores through 12-year leases under its Carrefour Market banner.

  • News

    Carrefour may sell stake in Altis to fund new venture

    2011-12-16T07:00:00Z

    Grocery retailer Carrefour could sell its 50% stake in franchisee Altis to fund part of the takeover of its main franchisee Guyenne Gascogne. Altis is a joint venture between Carrefour and Spanish grocer Eroski. The latter would reportedly buy Carrefour’s stake and sell it to a French ...

  • Walmart cannot currently sell direct to customers in India
    News

    Indian foreign investment proposals put on hold

    2011-12-05T10:05:00Z

    Plans to allow foreign investment from global retailers including Tesco, Carrefour and Walmart in India are on ice as the government looks to find a “consensus”.

  • News

    Carrefour denies reports to replace chief executive

    2011-12-01T07:00:00Z

    Carrefour denied reports that key shareholders plan to replace chief executive Lars Olofsson. It said in a statement: “The board of directors of the company formally denies all information published in the press on that subject.” It released the statement after Le Figaro reported that the shareholders were lining ...

  • A decision could still be two years away
    News

    Indian cabinet approves foreign investment in retail

    2011-11-24T17:24:00Z

    The Indian government has cleared the way to allow multinational retailers including Tesco, Carrefour and Walmart to enter its retail market.

  • Simon Laffin
    Opinion

    These days, size does matter

    2011-11-24T07:00:00Z

    Small stores are sexy again. What a turnaround.

  • News

    Carrefour’s ELC speaks out against activist investor

    2011-10-27T07:00:00Z

    Carrefour ’s European Labour Committee (ELC) has spoken out against activist investor Knight Vinke’s proposal to elect a new chairman for the company. It claimed that the plan was aimed at dismantling the group. The ELC said that it wants “stability” and affirmed its support for the Carrefour Planet format, ...

  • Louise Howarth
    Analysis

    Carrefour sounds profit warning as sales slide

    October 21 2011

    Last week, the world’s second largest retailer, France-based Carrefour issued its fourth profit warning saying it expected 2011 operating profit to fall by up to 20%, compared with 15% stated previously for its third profit warning in August.

  • News

    Carrefour director Alain Fretellière to leave the group

    2011-10-13T07:00:00Z

    Carrefour director of private label Reflets de France Alain Fretellière will leave the group at the end of the month. Fretellière, who also leads relationships with small and medium-sized enterprises, was a driving force behind the creation of Reflets de France, a range of French gastronomic products, which has enjoyed ...

  • News

    Carrefour hypermarkets not matching performance of pilot stores

    2011-10-06T07:00:00Z

    Carrefour said its new Carrefour Planet hypermarkets weren’t matching the performance of the format’s pilot stores. Compared with the pilots sales at newer Carrefour Planet stores have not been increasing as strongly. However, group chief commercial officer José Carlos Gonzalez-Hurtado has said the results were still ahead of the ...

  • Isabel Cavill
    Analysis

    Carrefour unveils plans for Parisian superstore

    September 30 2011

    French international grocery retailer Carrefour has announced plans to open a one-off premium superstore in Paris within a year.

  • Rob Gregory
    Analysis

    Global grocers turning to smaller stores for growth

    2011-09-26T15:23:00Z

    A trend that has become increasingly prevalent among the global grocers has been the focus on smaller footprints.

  • News

    Carrefour announces plans to operate 46 drive-in stores

    2011-09-14T13:02:00Z

    Grocery giant Carrefour has announced plans to operate 46 drive-in stores in France by the end of the year, following the opening of its second drive-in store last week. Customers order their groceries online, then drive to the stores and collect the items, which have all been packed beforehand. ...

  • Robert Gregory
    Analysis

    Carrefour resets French strategy as profits dive

    2011-09-08T07:00:00Z

    After reporting a 22% fall in first half operating profit, including a dramatic 40% decline in France alone, Carrefour has launched a new commercial strategy for France called Reset.

  • News

    Carrefour not looking to sell Brazil unit

    2011-08-25T07:00:00Z

    International grocery chain Carrefour is not looking to sell its Brazil unit, Carrefour chief executive Lars Olofsson said. “Carrefour in Brazil is not for sale. I’m not talking with Walmart ,” Olofsson said. Last week, French newspaper La Tribune reported that Walmart had hired financial services company UBS to ...

  • The group opens its first Carrefour Planet hypermarket in Greece next month
    Analysis

    Carrefour hurt as Greeks reduce their grocery bills

    August 19 2011

    The deteriorating state of the Greek economy is exerting a huge impact on the country’s grocery retail scene with international players seeing mixed fortunes.

  • News

    Carrefour Italy inaugurates first Carrefour Planet hypermarket

    2011-07-27T11:09:00Z

    Carrefour in Italy has inaugurated its first Carrefour Planet hypermarket at Paderno Dugnano in Milan. The store covers an area of almost 140,000 sq ft and uses the concept already developed in France, Spain and Belgium. Together with lower prices, the new store features specialist offers organised by sector, ...

  • News

    Indian government panel recommends easing restrictions

    2011-07-27T10:50:00Z

    An Indian government panel is said to have recommended easing restrictions on Foreign Direct Investment in Indian retail, which could allow international companies to own as much as 51% of multichannel retailers if they invest a minimum of $100m (£61.3m). This would allow retailers such as Walmart and Carrefour ...