“Traffic is not coming back to the hypermarkets: it’s all gone online”

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Publication

15 October 2021 à 16h00

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2 minutes

Publication: 15 October 2021 à 16h00

Reading time: 2 minutes

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Thomas Pocher, an E.Leclerc associate in France, is the originator of the “pedestrian drive-through” format. As Carrefour and Auchan accelerate offers with this format, he looks back at the recent fund raising for quick commerce players.
Publication

15 October 2021 à 16h00

Reading time

2 minutes

Publication: 15 October 2021 à 16h00

Reading time: 2 minutes

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How do you consider the current fund raisings for Quick Commerce?Thomas Pocher: These fund-raising rounds and associated valuations are massive. Financial markets imagine that we can replace supermarkets and hypermarkets with quick commerce companies (Note: Like Gorillas, Getir or Cajoo), but I am surprised by a lack of commercial pragmatism from financial people. For the last 10 years, I have been developing drive through units (by car first, then city-center pedestrian units from 2017...

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