Carrefour turnover up nearly 4 % in 2014

Carrefour turnover up nearly 4 % in 2014

Carrefour's turnover for its full fiscal year 2014 has grown 3.9 %. The French supermarket chain has even experienced slight growth in Belgium, but its largest turnover growth has been outside of Europe.

Largest growth outside of Europe

2014's fourth quarter turnover reached 22.6 billion euro, which represents a 4.1 % organic growth. Carrefour managed a 1 % turnover growth, to 10.54 billion euro, in its French home market. In its other markets, the company achieved a 12.06 billion euro turnover, 6.6 % higher than the year before.

 

For its full fiscal year, the company's turnover reached 84 billion euro, up 3.9 % compared to 2013. French turnover reached 39.7 billion euro, a 1.2 % increase. Its international growth, + 5.9 %, helped reach a 44.33 billion euro turnover, internationally.

 

Belgium stable after 4th quarter slump

Carrefour Belgium's fourth quarter turnover dropped 1.4 %, but on a like-for-like basis, it managed 0.4 % turnover growth. Its full-year turnover in Belgium for 2014 has remained relatively stable, even though it has managed to get a 1.7 % like-for-like turnover growth.

 

All regions considered, Brazil performed the best as its turnover grew 11.5 % thanks to favourable exchange rate fluctuations: those taken into consideration, turnover only grew 2.1 %. Nevertheless, its like-for-like turnover grew 8 %. Chinese turnover dropped 2.1 %, and even 6.4 % on a like-for-like basis, which has partially offset certain areas of growth.

Questions or comments? Please feel free to contact the editors


Arket Brussels opens: discover H&M's latest concept

14/09/2017

On Friday 15 September, H&M Group’s new store formula opens its doors on the Guldenvlieslaan in Brussels. The press got a sneak preview and discovered a surprising mixture of fashion, interior design and food. 

Nordstrom opens store without storage

13/09/2017

American fashion chain Nordstrom is to trial a new store formula in Los Angeles next month, in which customers will only be able to get advice and try out clothing. Purchases can be picked up at the store at a later date.

Primark benefits from weaker British economy

12/09/2017

Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.

Participatiemaatschappij Vlaanderen invests in FNG

11/09/2017

Government investment fund Participatiemaatschappij Vlaanderen (PMV) will invest 15 million euro in fashion group FNG in return for 5 % of its shares. The money will go towards international expansion.

Gap Inc will focus on Old Navy and Athleta

08/09/2017

American fashion company Gap will alter its internal strategy and turn its attention to Old Navy and Athleta. Gap and Banana Republic, which both received the most attention up until now, will have to step aside.

Global Fashion Group cuts losses

08/09/2017

Global Fashion Group, the fashion group founded by investment group Kinnevik and Rocket Internet, managed to lower its losses even more in the second quarter. On top of that, turnover grew more than 25 %.

Back to top