Content about Hypermarkets

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.

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 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.

August 13, 2012

A Monday report by Reuters said that French retailer Auchan has entered into a franchise agreement with Max Hypermarket, India.

Dubai, India -- A Monday report by Reuters said that French retailer Auchan has entered into a franchise agreement with Max Hypermarket, India.

Max operates 13 hypermarkets in India, which will be rebranded as Auchan stores in early 2013.

The pair said they plan to open 12-15 new stores annually across India. Because Max Hypermarket India Ltd is controlled by retail and hospitality company Landmark Group, which operates hypermarkets under the Max brand only in India and therefore is not restricted under foreign ownership regulations.

August 2, 2012

Hypermarket chain Real, part of Metro Group, worked with IBM to launch a new electronic coupon system throughout its 320 German stores.

Armonk, N.Y. -- Hypermarket chain Real, part of Metro Group, worked with IBM to launch a new electronic coupon system throughout its 320 German stores. This first-of-a-kind digital coupon system, developed with IBM Research scientists, enables consumers to use their mobile phones to find and redeem e-coupons as they shop in stores. It delivers a convenient and personalized service to shoppers, even if they left their paper coupons at home.

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 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.
 

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 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.

June 28, 2011

Multiple reports on Tuesday said that French retailing giant Carrefour SA has received an offer to merge with Brazil’s Companhia Brasileira de Distribuicao.

New York City -- Multiple reports on Tuesday said that French retailing giant Carrefour SA has received an offer to merge with Brazil’s Companhia Brasileira de Distribuicao.

Brazilian investment fund Gama said in a statement that it proposed a merger between Carrefour, the world’s second largest retailer by sales after Wal-Mart Stores, and CBD, a local retailing giant.

June 21, 2011

The Carrefour SA board of directors on Tuesday approved a plan for its CEO Lars Olofsson to also assume the role of chairman.

Paris -- The Carrefour SA board of directors on Tuesday approved a plan for its CEO Lars Olofsson to also assume the role of chairman. According to a report by the Wall Street Journal, Olofsson will take over as current chairman Amaury de Seze announced Tuesday that he would step down.

"The time has come to reunite the two functions," De Seze said. He will remain on Carrefour's board.

April 14, 2011

French retail giant Carrefour SA reported Thursday that sales in its fiscal first quarter inched up 3.9% to $35.7 billion.

Paris -- French retail giant Carrefour SA reported Thursday that sales in its fiscal first quarter inched up 3.9% to $35.7 billion.

Stronger showings in Brazil and China helped the retailer counteract weaker performance in Western Europe.

Carrefour's sales figures come ahead of a key shareholder vote in June on the company's plans to spin off its discount chain Dia and some European property assets into separately listed companies.

January 26, 2011

China said Wednesday it is fining Wal-Mart and Carrefour stores up to $75,900 for overpricing, expressing concerns about price inflation ahead of the impending Lunar New Year holiday.

Beijing -- China said Wednesday it is fining Wal-Mart and Carrefour stores up to $75,900 for overpricing, expressing concerns about price inflation ahead of the impending Lunar New Year holiday.

A statement posted Wednesday on the National Development and Reform Commission website listed about a dozen stores across the country that engaged in overpricing, noting high charges on items ranging from underwear to dumpling powder.

November 3, 2010

Wal-Mart Stores has joined the race to buy Indonesian retailer Matahari's hypermarket business in a...

October 25, 2010

Chinese supermarket retailer QKL Stores said Tuesday that it has opened a hypermarket store in...

September 15, 2010

Carrefour SA said it is launching a $1.9 billion (U.S. dollars) investment program to renovate...

August 31, 2010

The world’s third-largest grocer was one of more than 10 bidders to try to acquire...

July 21, 2010

Carrefour, the world’s second largest retailer behind Wal-Mart Stores, said it has renewed its contract...

July 15, 2010

Carrefour SA, the world’s second-largest retailer behind Wal-Mart Stores, said Thursday that its revenue increased 6.3% in the second quarter.

Paris ( July 15, 2010 ) Carrefour SA, the world’s second-largest retailer behind Wal-Mart Stores, said Thursday that its revenue increased 6.3% in the second quarter.

The French retailer credited growth in Latin America and Asia for the strong performance.
 

July 14, 2010

Carrefour SA, the world’s second-largest retailer behind Wal-Mart Sores, said Thursday that its revenue increased...

January 13, 2010

French retailer Carrefour SA hit its earnings targets in 2009 after higher sales in Brazil...

October 14, 2009

Carrefour SA is pulling out of its expansion plans in Russia due to the “absence...