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Carrefour news

12 June 2013
While large format stores remain the largest channel in the grocery market in cash terms, in recent years they have struggled to sustain the sales momentum they previously enjoyed. In this article we explore why they have been hard hit and how a new generation of stores around the world are fighting back. Three threats to large format stores The challenge to large format stores is driven by the...
04 June 2013
In separate announcements, Carrefour has said that it is planning to add further convenience stores in Romania through franchising, while also declaring that it is enjoying success with its private label ranges. Private label share reaches 13% in Romania Vlad Ardelean, Carrefour’s Commercial Director in Romania, said that following growth of over 10% in 2012, private labels accounted for ...
04 June 2013
In the second of this year's regular updates on the world's top retailers, we look at recent developments at Carrefour, Tesco, Metro and Walmart. We see how they have fared so far in 2013, and examine some strategic changes to position the retailers for the future. Carrefour CEO discusses his vision Group CEO Georges Plassat has discussed recent initiatives and what they mean for Carr...
30 May 2013
In an interview with LSA, Carrefour's chief executive, Georges Plassat, has discussed the retailer's recent initiatives and what this means for it in the short to medium term. Carrefour to be built on three geographic pillars Plassat stated that Carrefour had expanded globally too far, which had stretched its resources, with the recent disposals easing 'the financial pressure off the com...
29 May 2013
Carrefour is opening its first store in a traditional Spanish market today, in Sant Martí de Provençals, Barcelona. Catalan products will play a major role in the range The majority (95%) of the assortment in the 1,200 sq m, energy efficient  Carrefour Market store will be grocery products and health & beauty. There will be a strong focus on Catalan products, both fresh and packaged,...
29 May 2013
France-based Carrefour has announced that it has signed a memorandum of understanding with CFAO that will enable the latter to take the Carrefour brand into eight countries in West and Central Africa. Joint venture to aid expansion of Carrefour brand The two companies said that the joint venture will be owned 55% by CFAO and 45% by Carrefour . The joint venture company will benefit from excl...
28 May 2013
Soon after purchasing Carrefour’s stake in its joint venture, UAE-based Majid Al Futtaim has announced plans to invest up to US$1 billion in 2013 to expand its presence across the region. Outlay to fund expansion in Middle East Iyad Malas, Majid Al Futtaim’s chief executive, was quoted by Reuters as saying: “ Our capital investments could be anywhere between $600 million and $1 billion this ...
23 May 2013
Carrefour has announced that it has sold its 25% stake in its Middle Eastern joint venture to its partner in the region, Majid Al Futtaim (MAF), for €530 million. Sale includes ‘strengthening of exclusive partnership’ Carrefour said that at the same time as the sale of its stake in the joint venture, the two companies were also strengthening the existing exclusive franchise partnership by ‘...
21 May 2013
Carrefour's hybrid hypermarket/cash & carry format - Supeco Cash de la Familia - is reportedly set to open its doors in Madrid for the first time, in the next few days. Store used to be a Carrefour Market The 1,581 sq m outlet is on the site of a former Carrefour Market store in the suburb of Parla, which is located to the south-west of Madrid, around 20km from the capital itself. As wi...
16 May 2013
Following the release of our league table showing the top 50 grocery retailers in Europe , here are five European store visits you may have missed, but need to check out. Casino, Belles-Feuilles, France : live 'lab store' for self-scanning Casino Group is trailblazing in terms of technological innovations, with a number of initiatives launched in the past year. We visited Casino Belles-...