Carrefour has suffered a 1.3 billion euro loss in 2017, and saw its like-for-like turnover growth halved. The weak results do show the need for a transformation plan, says CEO Alexandre Bompard.
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Carrefour Belgium’s restructuring plan will contain both two store closures (hypermarkets in Genk and Angleur) and job cuts at the main office in Evere.
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A supermarket is a maze if you are visually impaired. That is why Albert Heijn will participate in a “hackathon” to make grocery shopping more accessible to blind or visually impaired shoppers. At the same time, a Belgian Carrefour will train its employees to help these consumers.
Carrefour CEO Alexandre Bompard made things very clear when he presented his transformation plan: the group will experience a cultural revolution and nothing will be taboo. There were no real surprises however and there is no news about Belgium for now…
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”.
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 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.
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.
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.
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.
Supermarket firm Carrefour and electronics seller Fnac Darty are considering an alliance for their electronics acquisitions. The combination could lower purchase prices.
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.
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.
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.
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.
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.