Carrefour news

18 February 2021
Announcing its full year results, Carrefour has reported like-for-like sales growth of 7.8%, as sales, including VAT, reached €78.6 bn. The retailer also saw an improvement in its recurring operating margin, which increased to 3.1%, from 2.9%, with its recurring operating income rising by 16.4% to €2.1 bn. France: Carrefour enjoys strongest growth in almost 20 years In its home market Carre...
12 February 2021
As Carrefour continues to evolve and develop its operations in France and at a Group level, we look at its latest appointments, opening of bargain corners in its hypermarkets in France and the updating of the Bio c’Bon concept following its purchase in Q4 2020. Management changes at Carrefour Carrefour has appointed Elodie Perthuisot as its head of online operations. Perthuisot will replace...
25 January 2021
In collaboration with Yushan Bank, Carrefour opened an unmanned store called iCarrefour in January. Store trial started in May 2020 The retailer has been testing the unmanned store concept inside its HQ building since May 2020. With a sales area of nine sq m, the unmanned store is “mini” in size and carries around 600 SKUs, designed to fulfil the shopping missions of office workers inside t...
18 January 2021
Having entered in preliminary discussions around a potential transaction, these have now ended, with Carrefour and Couche-Tard switching their focus to explore opportunities for operational partnerships. Opposition to any deal The discussions had been initiated by Couche-Tard’s “friendly approach” to Carrefour with the objective of acquiring the France-based retailer. However, these d...
14 January 2021
Canada's Couche-Tard, which operates the Circle K chain of convenience stores globally, has submitted a non-binding offer letter to Carrefour for a "friendly combination" at a price of EURO 20 per share, in a US$20bn deal. The terms of the transaction are under discussion, but there can be no certainty at this stage that these discussions will result in any agreement or transaction. Retail’s d...
11 January 2021
Following on from the appointment of Yoann Alarçon as director of traditional fresh products at Carrefour France, local trade publication Lineaires has reported one of Alarçon’s first decisions has been to stop the retailer selling strawberries in January. Alarçon appointed as director of traditional fresh products at Carrefour France Carrefour France appointed Yoann Alarçon, who was the fo...
06 January 2021
On 31 December 2020, Carrefour closed the acquisition , from  Dairy Farm , of 224 supermarkets, as well as a warehouse, in Taiwan. Part of Carrefour’s targeted acquisitions policy Valued at US$108.37m, the deal includes 224 proximity stores: 199 Wellcome stores, average sales area of 420 sq. m 25 Jasons stores, average sales area of 820 sq. m as well as a warehouse. ...
04 January 2021
As 2021 begins, we can reflect that 2020 didn’t play out as we might have expected. The Coronavirus (COVID-19) pandemic has led companies to reflect on their priorities and focus on shorter time scales. In this article, we consider five key themes we expect to shape retailers’ strategy in 2021 and share videos of this in practice. 1. Drive for value Delivering value has been a defining tr...
14 December 2020
In an interview with France-based trade publication LSA, Carrefour France’s chief executive, Rami Baitieh, has discussed the retailer’s TOP project, which aims to reorganise in-store operations. However, the plan has had to be paused, due to a Court order, resulting from a case brought by the CGT trade union. TOP aimed to improve stores’ economic performance… Baitieh launched TOP (an acrony...
03 December 2020
As Carrefour launches live shopping sessions and its Supeco banner adds an online store, we round up news from the retailer. Carrefour launches live shopping sessions To market its toy range, Carrefour is to partner with Redpill & and its subsidiary Quidol to launch a live shopping campaign. The companies have said there are three live shopping events, which will be compered by presenters w...