Carrefour cuts thousands of jobs in favour of e-commerce
  • Published in Food

French hypermarket group Carrefour is laying off thousands of employees, CEO Alexandre Bompard announced today. His new transformation plan, focused on e-commerce, is intended to turn Carrefour into the “global leader in food transition”.

Carrefour looks back on difficult year
  • Published in Food

Despite a fourth quarter improvement, French Carrefour has been through a very difficult year. Next week, CEO Alexandre Bompard is expected to set out new guidelines in order to give the retail giant's results a new push.

Carrefour buys stake in Showroomprivé

Carrefour has obtained a 17 % minority stake in flash sale seller Showroomprivé with the intent of increasing its digital and non-food reach. Former shareholder Conforama did suffer a loss.

Investors interested in supermarkets once more
  • Published in Food

Stock exchange analysts are a fan of European supermarket chains again. The fear for Amazon is an exaggeration and the food industry has received too much negativity, according to fund managers’ forecast of 2018. 

Carrefour continues to lose French market share
  • Published in Food

Kantar Worldpanel’s new numbers underline the fact that Carrefour CEO Alexandre Bompard is facing a huge challenge. Out of every supermarket chain, his chain suffered the largest market share loss in France last month.

Labour unions fear Carrefour's transformation plan
  • Published in Food

A restructuring program at supermarket firm Carrefour will require a lot of work in the next few months and years. It has also left the labour unions fearing the future.

Carrefour and Fnac Darty consider purchase alliance

Supermarket firm Carrefour and electronics seller Fnac Darty are considering an alliance for their electronics acquisitions. The combination could lower purchase prices.

Carrefour delays transformation plan
  • Published in Food

French retail group Carrefour would like to have presented its new transformation plan before the end of the year, but the supermarket company’s board is now forced to shift the deadline to January.

European food retail grows thanks to discounters and convenience stores
  • Published in Food

Major markets like Russia and Romania are the engine that drive the European FMCG branch’s growth. Discounters and convenience stores continue to expand their reach, according to the international research organization IGD.

Carrefour launches its own optical retail chain

French supermarket company Carrefour has entered a collaboration with optical retail chain Atol to launch a new store formula called Carrefour Optique et Audition. The first stores should open their doors next year.

Difficult third quarter for Carrefour
  • Published in Food

Carrefour’s quarterly results illustrate the major challenges the current CEO and his team face, especially in Western Europe. Belgian like-for-like turnover also dropped.

New CFO for Carrefour
  • Published in Food

French supermarket group Carrefour appointed a new CFO after Pierre-Jean Sivignon decided to leave the company for personal reasons. His replacement comes from Fnac Darty: Matthieu Malige.

Carrefour customers deliver groceries through Merci Voisin
  • Published in Food

Supermarket group Carrefour launched a new platform in France, called Merci Voisin (Thanks neighbour). This allows customers to have their online orders delivered at home for a small fee by other customers, basically an Uber for groceries, sort to say.

"Amazon eyes Carrefour acquisition"
  • Published in Food

According to a French business paper, Amazon is eyeing to acquire Carrefour in an attempt to increase its foothold in Europe. Carrefour's share suddenly became one of the biggest risers in the Paris stock exchange, even though no proof of the intents has yet been released.

Carrefour's weak results prompt restructuring plan
  • Published in Food

French retail giant Carrefour has stated it will simplify its structure after presenting very weak financial results yesterday. Its share got hammered 13 % on the French stock exchange as the French company said it has no improvement in sight.

Carrefour's profit is under pressure
  • Published in Food

French retail group Carrefour recently revealed disappointing financial results for the first half of 2017, and the new board indicated the second half of the year will also remain difficult.

Carrefour rolls out discount formula Supeco in Italy
  • Published in Food

The Carrefour group just opened its first full-blown Supeco store in Italy. The soft discount formula targets both families and professional customers.

Carrefour Market will place product reviews in stores
  • Published in Food

Carrefour Market is going to display customer ratings for some two hundred items in its physical stores, featuring a short text from the customer and a star-based rating. The chain will implement this feature in its home territory, France, first.

Strong second quarter for Carrefour
  • Published in Food

French group Carrefour has once again published good results: it achieved a second quarter 6.1 % turnover increase, as its French performance improved and it returned to positive results in Belgium. 

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