Carrefour has the intention to cut 3,000 French jobs instead of 1,000 as previously announced: the supermarket group wants to give an additional 1,770 employees a chance to go on early retirement.
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The Auchan group is going through tough times: the French distribution giant was forced to admit to a loss of 1.1 billion euros in early March. A major reorganisation is about to begin.
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Unbeatable prices in a low-cost environment: that's the Carrefour Essentiel concept in a nutshell. The retailer is currently testing the new formula in Avignon as one of the possible avenues to save Carrefour's unprofitable hypermarkets.
Carrefour Belgium and Medi-Market are entering into a partnership: Carrefour hypermarkets will feature shop-in-shops from the health and wellness retailer. Some hypermarkets will feature a real pharmacy.
Carrefour wants to cut 1500 more jobs in France. The affected will mostly be employees in hypermarkets. The supermarket group is hoping to reach a mutual agreement on the cuts.
Metro Group CEO Olaf Koch has admitted that his company is looking at all possible solutions for his ailing Belgian Makro branch, including selling it altogether.
French supermarket group Casino continues to sell its stores: the company has sold 33 supermarkets to Lidl and one Geant hypermarket to rival E.Leclerc.
Turmoil has erupted in France when Carrefour's plans to save its ailing hypermarkets were leaked. Several non-food departments will be closed and more stores will be franchised.
French group Auchan wants to launch a new hypermarket formula in March 2019. The group will also export its Chinese formula Auchan Minute to other countries.
Does the hypermarket have a future? That is a question not only Carrefour is contemplating, because Tesco is already trialing its Extra stores in the United Kingdom. These stores have been entirely remodeled thanks to Swedish design firm Blink.
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.
Metro Group's waning German hypermarket chain Real has unveiled a spectacular new store formula last week, focusing on fresh food experience and technology.