Content about Carrefour

July 8, 2014

In a move that may have implications for Wal-Mart, French retailer Carrefour S.A. will reportedly shutter its five Indian wholesale stores by the end of September 2014

Mumbai, India – In a move that may have implications for Wal-Mart, French retailer Carrefour S.A. will reportedly shutter its five Indian wholesale stores by the end of September 2014. According to Reuters, Carrefour is in advanced talks to sell its Indian assets to an unspecified buyer.

April 15, 2014

Pricer, which provides electronic shelf label solutions, has announced that Carrefour, the world’s second largest retailer, will use Pricer’s latest retail technology for a fully connected store that significantly improves the customer experience.

Atlanta -- Pricer, which provides electronic shelf label solutions, has announced that Carrefour, the world’s second largest retailer, will use Pricer’s latest retail technology for a fully connected store that significantly improves the customer experience.

Carrefour’s store in Villeneuve la Garenne is the first store worldwide that allows customers to benefit from Pricer’s integrated solution using indoor navigation, mobile shopping and SmartTAG graphic labels.

April 15, 2014

Pricer, which provides electronic shelf label solutions, has announced that Carrefour, the world’s second largest retailer, will use Pricer’s latest retail technology for a fully connected store that significantly improves the customer experience.

Atlanta -- Pricer, which provides electronic shelf label solutions, has announced that Carrefour, the world’s second largest retailer, will use Pricer’s latest retail technology for a fully connected store that significantly improves the customer experience.

Carrefour’s store in Villeneuve la Garenne is the first store worldwide that allows customers to benefit from Pricer’s integrated solution using indoor navigation, mobile shopping and SmartTAG graphic labels.

December 16, 2013

French retailing giant Carrefour has joined an investment group aiming to acquire more than a 100 shopping malls in France, Spain, and Italy.

Paris -- French retailing giant Carrefour has joined an investment group aiming to acquire more than a 100 shopping malls in France, Spain, and Italy.

According to a New York Times report, the $2.7 billion deal will add 127 malls to Carrefour’s current 45-mall portfolio. The plan is to create a new, separate property company in which Carrefour would hold a 42% stake. Institutional investors would hold the rest.

December 16, 2013

French retailing giant Carrefour has joined an investment group aiming to acquire more than a 100 shopping malls in France, Spain, and Italy.

Paris -- French retailing giant Carrefour has joined an investment group aiming to acquire more than a 100 shopping malls in France, Spain, and Italy.

According to a New York Times report, the $2.7 billion deal will add 127 malls to Carrefour’s current 45-mall portfolio. The plan is to create a new, separate property company in which Carrefour would hold a 42% stake. Institutional investors would hold the rest.

October 24, 2013

Grocery discounter Aldi has been ranked the world’s “simplest” brand, with simplicity defined as a clarity of purpose that enables employee innovation and customer service.

New York – Grocery discounter Aldi has been ranked the world’s “simplest” brand, with simplicity defined as a clarity of purpose that enables employee innovation and customer service. According to the annual 2013 Global Brand Simplicity Index from strategic marketing firm Siegel & Gale, Amazon.com is ranked second, followed by Google, which came out on top this year. The report is based on a study of 10,000 consumers in seven countries,

October 3, 2013

Kantar Retail’s Market Insights team recently updated all forecasts on global retail — a highly collaborative process that gains particular momentum the first half of the year as retailers report full-year performance for the prior fiscal period. The updated reports rank retailers by Kantar’s 2013 sales estimates, and include growth projections for the next five years.

October 3, 2013

Kantar Retail’s Market Insights team recently updated all forecasts on global retail — a highly collaborative process that gains particular momentum the first half of the year as retailers report full-year performance for the prior fiscal period. The updated reports rank retailers by Kantar’s 2013 sales estimates, and include growth projections for the next five years.

May 22, 2013

REDLANDS, Calif. -- Esri announces that Carrefour Group, the second-largest retailer in the world with nearly 10,000 stores around the globe, has implemented an enterprise-wide marketing solution from Esri partner Galigeo.

April 8, 2013

Costco Wholesale appears to be eyeing China's online commerce market, according to published reports.

New York -- Costco Wholesale appears to be eyeing China's online commerce market, according to published reports.

The Southern Metropolis Daily, a newspaper based in the southern Chinese city of Guangzhou, reported Thursday that the Issaquah, Wash.-based club retailer was interested in entering the country's e-commerce market and was in the process of looking for local partners.

October 11, 2012

Carrefour SA reported that its revenue edged up in its third quarter, driven by strong sales in its convenience stores and markets in Asia and Latin America.

New York -- Carrefour SA reported that its revenue edged up in its third quarter, driven by strong sales in its convenience stores and markets in Asia and Latin America.

The company said Thursday that sales rose 2.1% to €22.6 billion ($29 billion) in the July to September quarter.

Recessions in Spain and Italy impacted Carrefour’s revenue in Europe, where sales were down 2.2%. Sales in Asia and Latin America increased, however, rising 12.3% and 5.2% respectively.
 

September 14, 2012

India’s government said that it has OK’d plans to permit foreign retailers to open stores that sell more than one brand, paving the way for retailers such as Wal-Mart Stores and Carrefour SA to expand their presence in the country.

New Delhi, India -- India’s government said Thursday that it has OK’d plans to permit foreign retailers to open stores that sell more than one brand, paving the way for retailers such as Wal-Mart Stores and Carrefour SA to expand their presence in the country.

The approved plan calls for overseas companies to put half of their investment in infrastructure such as processing, manufacturing, storage, warehouses and packaging.

July 12, 2012

French retail giant Carrefour reported that sales in the second quarter dipped 0.3% to $26.5 billion, beating analysts’ expectations and prompting the retailer to issue earnings guidance to match 2012 expectations of $2.5 to $2.6 billion.

Paris -- French retail giant Carrefour reported Thursday that sales in the second quarter dipped 0.3% to $26.5 billion, beating analysts’ expectations and prompting the retailer to issue earnings guidance to match 2012 expectations of $2.5 to $2.6 billion.

July 12, 2012

French retail giant Carrefour reported that sales in the second quarter dipped 0.3% to $26.5 billion, beating analysts’ expectations and prompting the retailer to issue earnings guidance to match 2012 expectations of $2.5 to $2.6 billion.

Paris -- French retail giant Carrefour reported Thursday that sales in the second quarter dipped 0.3% to $26.5 billion, beating analysts’ expectations and prompting the retailer to issue earnings guidance to match 2012 expectations of $2.5 to $2.6 billion.

June 21, 2012

Economic uncertainty throughout Europe and the United States and political instability in the Middle East are putting an increased spotlight on developing markets, which are forging full-speed ahead and show no signs of slowing down, according to the 11th annual Global Retail Development Index by consulting firm A.T. Kearney.

June 15, 2012

Carrefour SA said it will sell its Greek supermarket business to its local partner and exit the country, the Wall Street Journal reported.

New York -- Carrefour SA said Friday it will sell its Greek supermarket business to its local partner and exit the country, the Wall Street Journal reported.

The French retailer said it would sell its 50% stake in the chain to its local partner, the Marinopoulos family, for an undisclosed amount and will take a mostly noncash charge of €220 million ($277.9 million), the report said.

Carrefour’s announcement comes two days before elections that could prove key as to whether Greece decides to stays in the euro zone.

May 24, 2012

The world’s second largest retailer behind Wal-Mart said that its leadership will change hands earlier than planned.

Paris -- The world’s second largest retailer behind Wal-Mart said Thursday that its leadership will change hands earlier than planned. France's Carrefour said that current CEO Lars Olofsson had retired at a board meeting on Wednesday, and that incoming chief Georges Plassat will take over as chief executive immediately.

Plassat joined Carrefour last month as COO. He was supposed to make his CEO transition effective June 18. He will take charge of an aggressive turnaround effort intended to reverse years of underperformance.
 

May 24, 2012

The world’s second largest retailer behind Wal-Mart said that its leadership will change hands earlier than planned.

Paris -- The world’s second largest retailer behind Wal-Mart said Thursday that its leadership will change hands earlier than planned. France's Carrefour said that current CEO Lars Olofsson had retired at a board meeting on Wednesday, and that incoming chief Georges Plassat will take over as chief executive immediately.

Plassat joined Carrefour last month as COO. He was supposed to make his CEO transition effective June 18. He will take charge of an aggressive turnaround effort intended to reverse years of underperformance.
 

January 30, 2012

Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.

Paris -- Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.

January 30, 2012

Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.

Paris -- Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.

January 27, 2012

French retailer Carrefour is in advanced talks to replace its CEO, according to The New York Times.

New York City -- French retailer Carrefour is in advanced talks to replace its CEO, according to The New York Times.

The board of the company is talking with Georges Plassat to replace its current CEO, Lars Olofsson, the report said. Plassat is chief executive of Vivarte, the Paris-based owner of retail clothing chains and shoe stores including Kookai, Chevignon and Naf Naf.

January 27, 2012

French retailer Carrefour is in advanced talks to replace its CEO, according to The New York Times.

New York City -- French retailer Carrefour is in advanced talks to replace its CEO, according to The New York Times.

The board of the company is talking with Georges Plassat to replace its current CEO, Lars Olofsson, the report said. Plassat is chief executive of Vivarte, the Paris-based owner of retail clothing chains and shoe stores including Kookai, Chevignon and Naf Naf.

January 26, 2012

A Thursday report by the Wall Street Journal said that French retailer Carrefour SA may hire French apparel group chief Georges Plassat to replace current CEO Lars Olofsson.

Paris -- A Thursday report by the Wall Street Journal said that French retailer Carrefour SA may hire French apparel group chief Georges Plassat to replace current CEO Lars Olofsson. WSJ cited unnamed sources close to the situation.

According to the report, Plassat could replace Olofsson as early as next week.

Plassat is head of Vivarte SA, in which he is also a shareholder.

Carrefour and Vivarte have not commented on the matter.

December 28, 2011

A report by the Wall Street Journal said that French retailer Carrefour SA has sold 97 supermarket sites to an investment company for $477 million.

Paris -- A Tuesday report by the Wall Street Journal said that French retailer Carrefour SA has sold 97 supermarket sites to an investment company for $477 million.

Carrefour, the world’s second-largest retailer after Wal-Mart Stores, will continue to operate the sites through 12-year leases under its Carrefour Markets banner. The company said the sales and lease-backs will allow it to optimize the use of its capital, which will be reinvested into other real estate.

August 12, 2011

Wal-Mart Stores is again looking into a possible deal to buy Carrefour’s Brazilian unit, according to reports by Bloomberg News and The Wall Street Journal.

New York City -- Wal-Mart Stores is again looking into a possible deal to buy Carrefour’s Brazilian unit, according to reports by Bloomberg News and The Wall Street Journal.

According to the reports, the acquisition would enhance Wal-Mart’s position in Latin America.