75 % of Carrefour’s French hypermarkets suffer lower turnover

It has been abundantly clear that Carrefour’s hypermarkets were not able to present the best results, but when examined in detail, the results are absolutely devastating: turnover has dropped in 73 % of the hypermarkets.

Top 10 is also slipping

The hypermarkets’ total turnover in 2016 dropped 2.6 % to 20.8 billion euro, which would have been a 1.5 % like-for-like turnover drop (excluding gas sales). Detailed results show that the hypermarkets’ 2016 performance was markedly worse than in 2015: 73 % of these stores suffered a turnover drop in 2016, down from “merely” 60 % in 2015.

The number of stores with huge turnover drops also increased: in 2015, 24 % of the hypermarkets’ turnover slumped more than 2 %, but that share grew to 42 % in 2016. One in eight hypermarkets’ turnover went down more than 4 %. On the other end of the scale, only 6 % managed to grow turnover more than 2 %.

Carrefour’s largest hypermarkets also display this type of decay: five managed a turnover of more than 200 million euro in 2009, but only three do so now. Together, the ten largest hypermarkets lost 275 million euro in turnover since 2009. None of those ten managed to increase its turnover.