Carrefour Group news

12 April 2018
Discussion of Carrefour’s Q1 results will focus on the challenging market environment in France. However, its performance across Europe underlines the contests being fought by it and other retailers to maintain growth in difficult operating conditions. Given these situations the retailer’s roll out of its 2022 Transformation plan cannot occur quickly enough, despite it likely to have an effect on...
23 January 2018
Setting out his vision for how Carrefour can adapt its model and organisation ‘ to be the world leader of the food transition for all ’, the retailer’s chief executive, Alexandre Bompard, has launched the Carrefour 2022 transformation plan. Carrefour 2022 sets out four pillar strategy The strategy is built on four pillars: 1. Deploy a simplified and open organisation: although much wil...
18 January 2018
France-based Carrefour released fourth quarter results noting that it had seen a slowing sales momentum during 2017. It said like-for-like sales were 1.6% for the full year, compared to 3.0% in 2016. It said that the slowing pace of sales growth had impacted recurring operating income, which it expects to fall by about 15%, and free cash flow, which hit €950m in 2017 compared to €1.039 bn in 2016...
05 December 2017
In the space of a week, Carrefour has opened four stores in Taiwan, three in Taipei and one in Tainan. We review the wider implications of these new stores and future outlook. Committed to its brand Carrefour Taiwan, jointly operated by Taiwan's Presicarre and France's Carrefour, opened four new stores between 15th and 24th November. The first store opened in Tainan Yu Nong operating 650 sq...
19 October 2017
France-based Carrefour said total sales rose 0.4% to €21.9 bn with a slowing rate of inflation, especially in its home market and Brazil, affecting its overall performance. However, the slowing rate of growth in its Western European markets underlines how its new chief executive, Alexandre Bompard, faces similar challenges to his predecessors. Sales fall in France, impacted by supermarkets ...
11 October 2017
In separate announcements in Brazil, China and in its home market of France, Carrefour’s country operations underline how they are implementing and activating the group’s online and digital initiatives. Carrefour launches grocery ecommerce in Brazil Carrefour Brasil’s head of food ecommerce, Danial Viana, has said that the retailer will launch a grocery ecommerce service and digital rewards...
25 September 2017
Carrefour’s recently appointed chairman and chief executive , Alexandre Bompard, has created a new management team. Bompard said the team ‘ will enable an improved management of the Group ’, while its first task ‘ will be to define and implement the Group’s transformation plan ’. New team mixes old and new faces Carrefour said the new Group Executive Committee would be made up of: Fi...
22 September 2017
Carrefour China, widely known for its hypermarkets, has been expanding its convenience banner Easy as part of its multi-format omni-channel growth strategy. Since the start of the year for example, Carrefour has opened nine Easy outlets, taking their convenience store network to over 30 stores. Offering convenience, practicality and freshness Recent new convenience store openings have been ...
13 April 2017
France-based Carrefour has said that total sales rose 6.2%, or 1.0% at constant exchange rates and excluding petrol, to €21.3 bn. The retailer saw, at a group level, like-for-like sales, excluding petrol and calendar effects, rise 1.4%. It also highlighted how it had enjoyed strong food sales during the quarter, rising by 5.9%. Despite the positive headline figures, Carrefour's overall performan...
19 January 2017
Carrefour has announced its Q4 and FY results, with the retailer saying the pace of total sales growth accelerated in its final quarter. In its fourth quarter Carrefour said total sales (excluding petrol and at constant exchange rates) rose 3.5% to €23.4 bn, aided by like-for-like sales growth of 2.9%. Its International operations were a key driver of performance, while in France its overall grow...