Carrefour has several projects running in France, all to do with urban agriculture. One such experiment is to grow fruit and vegetables on the roof of its main office in Massy.
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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.
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French retail group Carrefour has published decent quarterly results: turnover grew 6.2 % thanks to its international activities. Most European countries performed well, while Belgium’s negative results were "because of a marketing decision".
French supermarket company Carrefour has displayed several innovations, focused on time-saving services, it will implement in France soon.
Amazon’s US strategy seems to focus on physical pick-up points, but the online giant is also feverishly targeting increased European growth. How are traditional players to react?
French supermarket chain Carrefour managed a 3 % organic turnover growth in 2016 thanks to the strength of its international activities. These managed to easily offset the drop the company experienced in the French market. Net profit suffered a blow, however.
Roland Berger’s consultants have highlighted five important trends for the future: digital competitors can become partners; low-cost chains are growing; the customer experience is becoming more important; big data’s potential is underestimated and robots are taking over stores.
It will not be until May 2018 that Carrefour CEO Georges Plassat resigns, but as he had previously indicated his desire to guide his successor for a year, the distributor’s two largest shareholders are already playing their hand.
After a decade with the French chain, investment firm Colony Capital has sold all of its shares in Carrefour. Until recently, it owned about 5 % of the company's shares.
The main stories in the Benelux retail sector were financial results for Ahold Delhaize and Carrefour. Moreover, Hema has decided to apply its international format in its Dutch home market as well, and AB InBev has signed a deal with the world's largest beer terminal.
In the past fiscal year, French supermarket chain Carrefour's like-for-like turnover grew for the fifth straight year, this time + 2.7 %. Including exchange rate fluctuations, there was a 0.7 % drop, mainly because of China and Latin America.
Every year, Deloitte creates a ranking of the 250 largest retailers worldwide and for the first time ever, Amazon enters the top 10. Consumers are looking for surprising experiences and products, the consultant claims.
Our summary of what happened in Benelux retail starts with 'confusing' Dutch occupancy statistics and a record ending to 2016 for Belgian webshops. And much more...
Supermarket company Carrefour is actively looking for a CEO and chairman of the board, to succeed Georges Plassat. His second term will end in May 2018 and it does not seem he will get a third term.
French retail group Carrefour has published decent results for its third quarter, with an improved performance in France which soothed the analysts. Belgian results have remained stable.
Carrefour published its financial results for the first 6 months of its fiscal year this morning and they were better than expected. Despite unfavourable circumstances, the group is on track to reach its full-year forecast.