All Carrefour articles – Page 9
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AnalysisCarrefour must focus on most dynamic markets
Carrefour’s second-quarter results remained in line with the first quarter as the retailer posted turnover down by 0.4% to j21.71bn (£17.03bn), excluding petrol and at constant exchange rates.
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News
Carrefour’s joint venture with Sabanci Holding under pressure
Carrefour’s joint venture in Turkey with Sabanci Holding is under pressure, following the sudden resignation of four members of the board of directors.According to Turkey’s Hürriyet newspaper, Chairman Haluk Dinçer – in place since 2004 – as well as three other members have resigned as of July 16. The gesture ...
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OpinionA good merger’s like a good marriage
Transatlantic miles of column inches have been inspired by the recently announced merger of Alliance Boots and Walgreens.
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OpinionComment: Walmart, The next 50 years - Big-Box Challenges
Fifty years ago in rural America, the big-box concept was a revolutionary idea.
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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 ...
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AnalysisOverseas 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.
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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 ...
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OpinionHow 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.
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AnalysisCarrefour must adopt a multichannel strategy to stay competitive
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.
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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 ...
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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 ...
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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 ...
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AnalysisTarget’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.
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OpinionFrench retail: Vive la différence
The view, admiringly or not, that the French differ intractably from their neighbours, is enshrined in cliche.
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AnalysisChallenges 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).
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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 ...
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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 ...
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AnalysisAuchan pins hopes on China for future growth
French retailer Auchan hopes its Chinese operations will drive growth because sales in Western Europe are expected to remain flat.
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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 Carrefour.fr 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 ...
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AnalysisCarrefour hits the brakes after profits suffer a fall
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.