Carrefour news and archive

Tesco and Carrefour announce long-term strategic alliance

Tesco Group Plc and Carrefour have jointly announced that both plan to enter into a long-term, strategic alliance covering the strategic relationship with global suppliers, the joint purchasing of own brand products and goods not for resale. The companies said in a joint-statement that it will be governed by a three-year operational framework....

Management

Carrefour buys 17 percent stake in Showroomprivé for 79 million euros

French distribution giant Carrefour has acquired 17 percent of the online fashion company Showroomprivé for a total of 79 million euros. Carrefour has bought its stake in the furniture group Conforama, paying 13.5 euros per share. Carrefour has explained in a statement that the main objective of both companies is the development of a...

Fashion

Boiler explosion in Bangladesh textile factory leaves 10 dead and up to 50 injured

Ten people have died as a result of a boiler explosion in a textile factory in Bangladesh. The factory, which is owned by textile manufacturers Multifabs supplies knitted apparel to clients in Europe, including Littlewood, based in the UK. Factory director, Mesba Faruqui told AFP that the site was closed on Monday with the majority of employees...

People

Carrefour names new chief executive

Carrefour has confirmed today that Alexandre Bompard, former chief executive of consumer electronics retailer Fnac Darty, has been named their new chief executive after an eight-month search. The news first broke on Reuters. Carrefour's investors want their new chief executive to succeed where their predecessors have failed at boosting the...

Report

Carrefour reports 3.3 percent rise in revenues

Carrefour reported increase in net sales of excluding petrol of 70,204million euros (74,373 million dollars), up 3.3 percent at constant exchange rates and 3 percent on an organic basis. The company saw good performance in food in all countries; buoyant sales growth in Brazil and positive momentum in Europe. Georges Plassat, Chairman and Chief...

Report

Carrefour Q3 sales lifted by strong growth in Latin America

The Carrefour Group posted sales of 21,781 million euros (23,910 million dollars) in the third quarter of 2016.Over the first nine months, the Group posted sales of 62,333 million euros (68,435 million dollars). In the third quarter, the company said, France posted positive like-for-like sales in a persistently difficult environment. Also in...

Report|REPORT

Carrefour H1 sales rise 2.9 percent

Sales including VAT stood at 40,552 million euros (45,016 million dollars) at Carrefour in the first half. The company said, currencies had an adverse effect on the performance. However, the company reported sales growth of 2.9 percent on an organic basis. Emerging markets posted double-digit growth, while sales in Europe were stable, impacted...

Report|REPORT

Carrefour Q1 sales rise 2.5 percent

The Carrefour Group posted sales of 20,053 million euros (22,624 million dollars) in the first quarter. In the quarter, the company said, currencies and petrol prices had unfavourable impacts of 6.9 percent and 1.2 percent respectively and the calendar effect was 0.6 percent. Total sales under banners including petrol stood at 24.6 billion euros...

Report|REPORT

Carrefour FY15 sales rise 4.5 percent

Total sales under banners including petrol in full-year 2015 at Carrefour reached 104.4 billion euros (113.7 billion dollars) at constant exchange rates, up 4.5 percent at constant exchange rates. They stood at 26.9 billion euros (29.2 billion dollars) at constant exchange rates in the fourth quarter, up 2.7 percent. In 2015, France posted...

Business|REPORT

Carrefour reports 4.2 rise in total Q2 sales

During the first half of 2015, sales at Carrefour were 42.3 billion euros (46 billion dollars), up 5 percent in total and up 2.9 percent on an organic basis. In the second quarter sales stood at 21.4 billion euros (23.3 billion dollars), up 4.2 percent in total and up 2.6 percent on an organic basis on an already strong comparable base in 2014....

Apparel

Tesco’s India plans on hold

Tesco, the world’s third largest retailer, has decided to adopt a wait and watch policy to enter the Indian market. As of now, it has decided to focus its exisiting franchise arrangement with Tata’s Trent. According to the arrangement, Tesco provides back-end support to Star Bazaar hypermarkets run by Trent, in terms of inventory and supply...