All Carrefour articles – Page 9

  • News

    Carrefour to experiment with discount zones


    Carrefour is to experiment with discount zones in five of its French hypermarkets as part of changes implemented by new chief executive Georges Plassat.The discount areas will initially comprise just one or two aisles in each hypermarket. They will display nationally branded manufacturer products and will not be a showcase ...

  • Argentina, one of the VISTA countries, is not without economic problems

    Overseas growth: Why the VISTA countries are worth considering


    Retailers eyeing overseas growth often look at the BRIC markets, but VISTA countries – Vietnam, Indonesia, South Africa, Thailand and Argentina – are worth considering.

  • News

    Carrefour to sell stake in joint venture with Marinopoulos Group


    Carrefour is to sell its stake in its joint venture with Marinopoulos Group. The move will make Marinopoulos the exclusive franchisee of Carrefour in Greece, Cyprus, Bulgaria and the Balkans. Carrefour is likely to incur a charge of approximately E220m (£183.7m) relating to the discontinued activities. Marinopoulos reportedly plans to ...

  • Jon Copestake

    How is the Eurozone crisis affecting UK retail?


    As well as domestic austerity UK retailers will have to deal with fallout from the continent and the impact it is having on consumer sentiment.

  • Carrefour

    Carrefour must adopt a multichannel strategy to stay competitive

    June 15 2012

    As consumers divert spend online and the trend of shopping locally shows no sign of abating, hypermarket retailers are pondering how to make their format relevant.

  • News

    Carrefour to take control of discount supermarket chain Eki


    Carrefour has got the green light from the Argentine competition authority for the acquisition of discount supermarket chain Eki. Carrefour will take control of the struggling Argentine retailer, which operates 120 stores across the country, while retaining its 2,300 employees. The transfer contract is expected to be signed before July ...

  • News

    Carrefour’s chief executive Lars Olofsson to depart earlier than expected


    French retailer Carrefour’s chief executive Lars Olofsson is to step down earlier than expected. In light of the fact that “all the required conditions were met to shorten the transition period that began on January 29”, which was supposed to end on June 18, Georges Plassat becomes the new chief ...

  • News

    Carrefour’s bid to acquire Guyenne et Gascogne approved


    Carrefour’s bid to acquire Guyenne et Gascogne has been approved by France’s antitrust agency. In December 2011, Carrefour submitted a E494m (£394.6m) cash takeover bid for its franchisee.Guyenne et Gascogne operates six Carrefour hypermarkets and 28 Carrefour Market supermarkets in France that generated net income of E25m (£20m) in 2011 ...

  • Target will stop selling Kindle as Amazon continues to grab market share

    Target’s Kindle decision reflects Amazon threat


    It emerged last week that US-based retailer Target is to stop selling Amazon’s Kindle e-readers and tablet PCs in recognition of the growing competition from the ecommerce retailer.

  • Michael Poyner

    French retail: Vive la différence


    The view, admiringly or not, that the French differ intractably from their neighbours, is enshrined in cliche.

  • Carrefour

    Challenges await the new Carrefour chief executive


    In Lars Olofsson’s last full quarter as chief executive, French grocery giant Carrefour reported a 0.9% rise in first quarter sales excluding fuel, at constant exchange rates, to E22.5bn (£19bn).

  • News

    Carrefor launches new loyalty programme


    Carrefour has launched a new point-based loyalty programme in the United Arab Emirates called MyClub, an innovation within the hypermarket sector in the region.Members earn one point for every AED10 (£1.75) spent in the retailer’s stores, with extra points available on special offers. When 500 points are accumulated, a AED50 ...

  • News

    Intermarché given go-ahead for Altis takeover


    Grocer Intermarché has received approval from competition authorities to take over 20 Altis stores operating under the Carrefour banner. Last year, Intermarché reached an agreement with Spanish grocer Eroski to acquire the Altis joint venture in southern France.Eroski had already purchased Carrefour’s 50% stake in Altis, which operated six Carrefour ...

  • Auchan enjoyed stronger sales growth in central and Eastern Europe and Asia

    Auchan pins hopes on China for future growth

    March 23 2012

    French retailer Auchan hopes its Chinese operations will drive growth because sales in Western Europe are expected to remain flat.

  • News

    Carrefour launches transactional smartphone app


    Carrefour has launched a transactional smartphone application in its home market. Using the My Carrefour shopping tool, customers can log in to their account on and select products either by using a keyword search or scanning the barcode on an item.Shoppers can choose whether they would like to have ...

  • Multichannel continues to hit hypermarkets in Western Europe

    Carrefour hits the brakes after profits suffer a fall

    March 16 2012

    Carrefour last week put the roll-out of the Carrefour Planet format on hold as it revealed a drop in profits in the latest financial year.

  • Delhi, India

    A safe passage to India


    India is one of retail’s most attractive developing markets, but it’s also one of the most difficult to enter. Liz Morrell reports on how the doors are beginning to open.

  • Walmart has realised that long-term success is dependent on low prices

    Walmart US recovers with ‘back to basics’ strategy


    Walmart’s results showed that although the US business is finally getting back on track, it must not take its eye off the core domestic division.

  • Kevin O'Byrne

    Profile: Kevin O’Byrne


    Kingfisher’s group finance director has made the leap to B&Q divisional chief executive and his experience should add drive to the DIY retailer. Nicola Harrison reports.

  • News

    Carrefour appoints three directors


    Carrefour’s hypermarket business in France is to be reorganised with the appointment of three directors to manage it. Patrice Lespagnol, Philippe Lartigue and Frédéric Duranton will be responsible for the division, under the leadership of Noël Prioux, head of Carrefour France. Guillaume Vicaire, who has been executive director of French ...