Carrefour news

19 August 2014
We round up some of the recent news on Carrefour, including its first pop-up Drive store at the beach, expansion in Poland and Spain, and working with local suppliers in Romania. Open to acquisitions in Poland According to local press reports, Carrefour has resumed expansion in Poland. Robert Nocén, hypermarkets director, said the number of stores would not increase in a spectacular fashio...
31 July 2014
Carrefour has today (31 July) reported growth in recurring operating income of 13.8% for the first half of 2014, and an increase in net income of 16.7%. For France, Carrefour reported 'good profitability in all formats' and a 6.9% increase in recurring operating income. Improved gross margin, resulting from decreased shrinkage and cost savings from logistics, was the primary driver. In Eur...
30 July 2014
We look at how retailers across Latin America have fared in the second quarter, reviewing expansion plans and other news, including some great stores we have seen in the region. Improving sales trends continue in second quarter Walmex achieved net sales growth of nearly 4% for the first half. Investment in e-commerce is ongoing, and Walmex is implementing changes to address problems at...
23 July 2014
UAE-based Majid Al Futtaim, which operates the Carrefour banner in 14 markets across the Middle East and Central Asia, has announced results for the first half of its financial year, saying sales rose 15% in its retail division. Sales driven by continued expansion… Majid Al Futtaim said sales rose 15% year-on-year, reaching AED10.5 billion (US$2.9 billion) in the first six months of its finan...
09 July 2014
In the second of this year's quarterly updates, we look at developments at Carrefour, Walmart, Tesco and Metro Group since the start of Q2. Carrefour: strengthening business Since April, the retailer has announced plans to strengthen its European operations with the acquisition of DIA France, plus 53 Billa stores in Italy, followed by confirmation of the rumoured exit from India ...
08 July 2014
Carrefour has announced its intention to close its five cash & carry stores in India, effective end September 2014. Ends a four-year presence in India Reports have been circulating for some time regarding Carrefour's future in India. The retailer opened its first cash & carry outlet in India in 2010. It has not given any detail regarding the future of the outlets, whether they will be sold ...
02 July 2014
For Indian grocery retailing 1 May 2006 will go down in history. As India's first international modern trade hypermarket threw open its doors in Mumbai, things would never be the same again. Big change has happened since then, however less than a handful of modern retailers have actually managed to make a profit. We examine some of the challenges they face and show why the size of the prize is ju...
30 June 2014
Carrefour has announced the acquisition of 53 Billa supermarkets in Italy, from Rewe Group, subject to regulatory approval. Strengthens Carrefour's presence in northern Italy The stores are located in northern Italy: Lombardy, Liguria and the Aosta Valley. With a combined sales area of 58,000 sq m, they generated net sales of around EUR300m in 2013. Carrefour already operates 1,116 stores i...
23 June 2014
Carrefour and DIA have announced an exclusivity agreement which will see Carrefour acquire the entire share capital of DIA France for EUR600m, subject to regulatory approval. Growth of Carrefour's multiformat network In its statement, Carrefour said:  "This transaction would contribute to the growth of Carrefour’s multiformat store network in its domestic market and would allow Carrefo...
19 June 2014
As opportunities grow in a region underserved by online retailers, a number of companies have announced investment plans to add skill and scale, aided by government spending on internet infrastructure and mobile solutions. Carrefour and Casino set to add online solutions Discussing wider expansion plans, the head of Carrefour’s CFAO retail division, Xavier Desjobert, has said that the retaile...