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Carrefour news

01 May 2013
After a period of speculation about its long term presence in the market, Carrefour has announced that it has decided to reorganise the governance of its joint venture in Turkey, CarrefourSA. Carrefour to remain in the market Carrefour’s announcement will see its joint venture partner in the country, locally-based Sabanci Holding, acquire a further 12% of the capital of CarrefourSA, taking ...
29 April 2013
Two retailers have announced plans to grow their presence in the UAE, Carrefour through an expansion of its existing operations and Gulfmart through entry into the market. Gulfmart to enter UAE Gulfmart, which operates stores in Bahrain and Kuwait, has entered the UAE market with the opening of a 6,000 sq m hypermarket in Sharjah. The price-oriented retailer, as of April 2013, runs 20 store...
25 April 2013
Plans to open 'discount corners' in hypermarkets in areas of low affluence have been unveiled by the French retailer. Strengthening value perceptions The move comes in response to a pilot in a store in Sevran in Paris. In an interview with LSA the store manager, Thierry Lalo, said the initiative had helped the store to win back share from discounters in the area, halt the loss of custom...
18 April 2013
Carrefour has reported consolidated sales of €20.8bn for the first three months of the year, up 1.3% at constant rates. Sales dropped by 1% in France excluding fuel, although the encouraging trend in food performance continued at the group's domestic hypermarkets. Hypermarkets post stable performance in France The economic environment in France remains challenging and poor weather added furt...
03 April 2013
A week after announcing that the opening of a shopping centre would see the addition of the first Carrefour in Lebanon, UAE-based Majid Al Futtaim (MAF) is set to take the Carrefour brand into Armenia. Armenia ‘part of MAF’s development strategy’ After much speculation that Majid Al Futtaim was looking to expand into Armenia, Marc Corbion, the company’s executive regional director for Armenia...
03 April 2013
In an interview with the FT Carrefour CEO Georges Plassat has laid bare the group's strategy highlighting growth markets and decentralisation as growth levers. More growth to capture in Brazil and China Mr Plassat has previously acknowledged the importance of Brazil and China , the group's second and fifth markets, and has announced in this interview that the retailer's rate of growth...
28 March 2013
Majid Al Futtaim Properties has announced that it will open the Beirut City Centre shopping centre in April, a development that will see the first Carrefour hypermarket opened in Lebanon. Hypermarket to be part of mixed development The shopping centre will see the opening of 40 new brands in Lebanon for the first time, including Carrefour . Commenting on the centre’s opening, of Majid Al Fut...
28 March 2013
Belgian-based Delhaize Group has sold the Euromax supermarket chain in Albania to Carrefour's Greek Marinopoulos franchise arm. Accelerates CEE growth plan Euromax consists of 23 stores in Albania , mostly located in the capital, Tirana. Carrefour currently has just one hypermarket in Albania so the move will significantly advance its presence in the market. Albania will become Carrefour...
27 March 2013
Carrefour has revealed a reorganisation of its French business today, which sees a return to the system of segmenting hypermarkets on a regional basis, rather than by size, and major management changes. French hypermarkets to be divided into four zones Eric Bourgeois will head up the Carrefour Hypermarkets France division, supported by Sylvain Ferry, under the overall control of executi...
26 March 2013
In the first 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 online and digital strategies are becoming more important, and how they are adapting to changing conditions in various markets around the world. Carrefour embarking on second phase of plan to deliver better profits Carrefour rev...