All Carrefour articles – Page 14
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AnalysisCrisis in Greece hampers international retailers
International retailers such as Delhaize Group, which has seen almost double-digit growth every quarter for the past two years in Greece, will be watching the situation there closely.
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NewsWalmart is world’s most valuable retail brand
Walmart tops a list of ten retailers found to be among the world’s 100 most valuable brands, according to research commissioned by WPP.
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AnalysisChina is not the only new retail market to investigate
While the volcanic ash cloud and the ensuing chaos may have blown over by the time this appears, the disruption to international trade once again highlights the weaknesses in our increasingly globalised economy.
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News
Carrefour to enter Iraqi market
Carrefour has unveiled more details about its entry into the Iraq market.The retailer’s franchise partner in the Middle East, Majid Al-Futtaim, is looking to open its first Iraq store in September at the Family Fun Mall, a premium shopping and entertainment complex soon to open in Erbil in the Kurdistan ...
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News
Carrefour to sell 40% of Indonesian business
Carrefour has agreed to sell a 40% stake in its Indonesian business to Para Group, a company that already operates more than 300 retail stores.Carrefour said the partnership will generate synergies with Para operations, particularly in financial services, media and lifestyle.Carrefour operates 78 stores in 22 Indonesian cities and plans ...
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News
Carrefour Q1 sales up 5.5%
Carrefour has recorded a 5.5% rise in first-quarter sales to €23.96bn (£21.4bn). French retail sales rose 2.1% due to strong growth from supermarkets, although hypermarkets continued to suffer with like-for-like sales down 1.2%.Western Europe, excluding France, also struggled in the period with like-for-likes down 2.4%. Growth was primarily driven from ...
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AnalysisCan Walmart overcome Chinese etail challenges?
Walmart plans to launch an ecommerce operation in the world’s most populous nation. With more than 380 million internet users - more than the entire US population - China represents a massive opportunity for the world’s largest retailer. However, growth will not come easy and Walmart must be able to ...
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News
Carrefour to invest up to £40m in Argentina
Carrefour will invest as much as ARS250m (£40m) in its stores network in Argentina this year as supermarket sales recover.The retailer, which operates under banners including Dia in the country, invested ARS1.25bn (£202m at current exchange rates) in stores growth between 2006 and 2009, and will add 23 stores to ...
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News
Trius appointed Carrefour Europe executive director
Vicente Trius has been appointed Carrefour executive director for Europe.Taking responsibility for Belgium, Spain, Italy, Poland, Greece, Cyprus and Romania, the 52-year-old Spaniard will start work on May 3.Trius has previously spent 15 years working at Walmart, where he was vice-president of international operations for Latin America.James McCann, the former ...
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News
Marinopoulos to face Competition Committee probe
Carrefour’s greek arm Marinopoulos will face the Competition Committee at the end of April, according to reports in the local press.Carrefour Marinopoulos faces charges that it violated competition regulation in respect of its franchising model and the operations of its 5’ Marinopoulos grocery stores network. The retailer is reportedly accused ...
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News
Carrefour to close 21 Belgian stores
Carrefour plans to close 21 stores in Belgium and cut 1,672 jobs in the country.14 of its 56 Belgian hypermarkets and seven of its 378 Belgian supermarkets will close by June 30. An additional 30 stores will be sold. In total, nearly a third of the hypermarkets and nearly half ...
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News
Carrefour profits plummet
Carrefours profits plummeted 70% to €385 m (£343m) in 2009, largely due to restructuring charges.In France and Western Europe sales fell 2.7% and 5.4% respectively. However, the French retail giant boasted market share gains in its home market.Meanwhile, Carrefour’s Latin American and Asian divisions posted sales growth of 11.9% and ...
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News
Carrefour likely to sell Moscow leasing rights
Carrefour is likely to sell its Moscow leasing rights to Auchan and OBI, according to Reuters.Carrefour, the world’s biggest retailer, has failed to find one single buyer for all of its three hypermarkets in Russia.
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Carrefour to create an executive board
Carrefour is to create an executive board that, along with group executiveLars Olofsson, will be charged with developing the group’s strategy, operational goals and oversee execution.Newly appointed France executive director James McCann, formerly Tesco’s Hungary chief, will be among the new board members.Separately, Carrefour has reported sales of E96.2bn (£86.5bn) ...
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NewsCarrefour poaches Tesco star for top French role
Carrefour has poached Tesco high-flyer James McCann as executive director of its flagship French business.
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OpinionNRF: New York welcomes back the big boys of retail IT
The IT bosses of three of the fourbiggest retailers in the world have been spotted at the National Retail Federation conference and show in New York this week; and that says something about the role technology will play in the industry’s recovery from recession.
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NewsProfitability slips for top 250 global retailers
The largest retailers in the world have managed to increase their sales through the recession, but profitability has suffered, research from Deloitte Touche Tohmatsu has revealed.
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News
CarrefourSA to open 100 stores in Turkey
CarrefourSA, the 60:40 joint venture between Carrefour and Sabanci Ticaret Merkezi in Turkey, has announced plans to open a further 100 stores in the country, each costing €670,000 (£597,023), in 2010.The first smaller-format express store will open on January 6 in the city of Mersin in southern Turkey, CarrefourSA general ...
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NewsOcado mulls partnership with Carrefour
Online grocer Ocado is understood to have held talks with French retailer Carrefour about a partnership to deliver shopping to customers’ homes in France.