All Carrefour articles – Page 10

  • News

    Carrefour opens first hypermarket in Iraq


    French grocer Carrefour has entered Iraq with the opening of its first hypermarket at Erbil’s Family Mall. The 107,640 sq ft store is the first of several Carrefour hypermarkets to open in partnership with Erbil-based Darin Group, Majid Al Futtaim Retail’s partners in Iraq.The opening of Iraq’s first Carrefour ...

  • News

    Carrefour franchise partner to open new stores


    Carrefour’s franchise partner Majid Al Futtaim plans to open 15 Carrefour hypermarkets and 30 supermarkets this year. Majid Al Futtaim chief executive Iyad Malas said: “We will complete the construction of two malls (Fujairah City Centre and Beirut City Centre) and expect to start construction in Cairo at our Mall ...

  • Olofsson’s revival of the hypermarket concept failed to win public favour

    Carrefour ponders future as Olofsson is replaced


    This week brought the end of an era at Carrefour as chief executive Lars Olofsson was replaced by Georges Plassat, the head of French fashion retail group Vivarte.

  • News

    Carrefour’s global brand director departs


    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 internal ...

  • Carrefour Planet

    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


    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


    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 retailer that has ...

  • Walmart cannot currently sell direct to customers in India

    Indian foreign investment proposals put on hold


    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


    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 up ...

  • A decision could still be two years away

    Indian cabinet approves foreign investment in retail


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

  • Simon Laffin

    These days, size does matter


    Small stores are sexy again. What a turnaround.

  • News

    Carrefour’s ELC speaks out against activist investor


    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, which it ...

  • Louise Howarth

    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


    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


    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 September 2010 ...

  • Isabel Cavill

    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

    Global grocers turning to smaller stores for growth


    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


    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.The retailer announced ...

  • Robert Gregory

    Carrefour resets French strategy as profits dive


    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


    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 advise on a ...