All Carrefour articles – Page 13
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News
Carrefour Q3 sales increase 6.7% to £22.4bn
Carrefour has announced that third-quarter sales rose 6.7% at current exchange rates to reach €25.6bn (£22.4bn). Overall like-for-likes increased by 0.1% excluding petrol. The retailer stated that growth was driven by emerging markets and that in the retailer’s difficult home market, encouraging footfall was noticed for its hypermarkets in the ...
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AnalysisSlow road to South Korea will help Ikea’s prospects
Ikea has reported that group sales for the year ended August 31, 2010, rocketed 7.7% to €23.1bn (£19.2bn).
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News
Carrefour to refurbish Italian and Spanish hypermarkets to Carrefour Planet next year
Carrefour will begin refurbishing its Italian and Spanish hypermarkets to its new Carrefour Planet concept during 2011. In Spain, 75 of its 164 hypermarkets will be converted. The remaining 89 stores will receive a lower specification upgrade. In Italy, 23 of Carrefour’s 53 hypermarkets will be converted to Carrefour Planet ...
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News
PTT withdraws bid for Carrefour's Thai assets
Local energy giant PTT has reportedly withdrawn a bid for Carrefour’s Thai assets. Thailand’s largest energy company by revenue apparently faced opposition to the bid from “important stakeholders”, prompting it to ask its subsidiary, PTT Retail Management, not to participate, the company said in a statement.
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AnalysisInternational grocers are catching on to app fever
After successful launches by the UK’s Ocado and Tesco, international grocers from Germany to Australia are now looking to capitalise on the trend towards mobile shopping.
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OpinionBrazil finally comes of age
The Goldman Sachs Conference in New York last week assembled a powerful line-up of more than 50 leading retailers.
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NewsTesco through to second round of Carrefour Asian bids
Supermarket Tesco is through to the second round of bids for grocery giant Carrefour’s $1bn (£642m) south-east Asian assets, according to the Financial Times.
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AnalysisLars Olofsson
Whether it’s scaling back internationally or piloting a new format, the Carrefour boss is taking bold steps to turn the world’s second biggest retailer around.
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AnalysisBidding for Carrefour’s Far East assets gets under way
Carrefour collected first round bids last week for its assets in Singapore, Thailand and Malaysia. Tesco is viewed as a leading contender.
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NewsTesco joins auction for Carrefour’s Asian shops
Food and hypermarkets giant Tesco is among the 10 bidders for French counterpart Carrefour’s south-east Asian assets.
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AnalysisRenewed interest in Middle East’s thriving retail scene
There seems to be a renewed interest from many of Planet Retail’s clients in the potential being offered by the Middle Eastern market, and to a lesser extent, the longer-term opportunities presented by Africa.
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AnalysisHow UK retail is extending its franchise
Franchising helps overseas ventures, but how do you decide whether to run company-owned stores or take the franchise route?
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AnalysisThailand exit likely as Carrefour rationalises
Carrefour has spread itself too thin and now, faced with ongoing pressure from shareholders to improve profitability, is on a path to divest non-core markets.
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NewsTesco understood to be interested in Carrefour’s Asian operations
Tesco is understood to be among the leading supermarket chains interested in parts of French giant Carrefour’s assets in Singapore, Thailand and Malaysia.
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OpinionAdopting a consumer goods outlook
This reflection of FMCG brands’ best practice by major retailers can also extend to how they structure their organisations or would like to be perceived.
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News
Ed and Dia launch a free loyalty card
Carrefour’s discount stores in France, operated under the Ed and Dia banners, have launched a free loyalty card called Club Dia.The retailer will run a promotion where twice a month, for 15 days, loyalty card holders are granted immediate reductions on more than 200 products. The scheme will cover both ...
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News
Carrefour to open its first cash-and-carry outlet in Argentina
Carrefour will open its first cash-and-carry outlet in the country later this year, adding to its Express y Mini convenience stores and local hypermarkets.The retailer will use the Brazilian brand Atacadão, which it has already exported to Colombia.The first Argentinean Atacadão will open before the end of the year in ...
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News
Carrefour China in talks for Baolongcang outlets
Carrefour China is in talks with local hypermarket operator Baolongcang to buy out its outlets, the local press has reported.Baolongcang has 14 hypermarkets in small cities in Hebei and Shandong province. It reported total sales of CNY3.16bn (£317.2m) in 2009.Wu-Mart and China Resources Enterprise are rumoured to also be interested ...