Carrefour and Cooperative U form European buying alliance and eye retail media deal Europe Carrefour and Cooperative U officially announced on July 7 the launch of Concordis,…
data [Food Retail Barometer 2024] The financial health of the world’s 10 largest food retailers in 7 charts Now in a fourth edition, our annual barometer presents the financial performance of the world's 10 largest food retailers from 2017 to 2024: Walmart, Costco, Kroger, Seven & I, Target, Ahold-Delhaize, Carrefour, Albertsons, Tesco and Aeon. With the exception of 3 players, most retailers failed to save their margins last year. In terms of e-commerce, all retailers made progress, with some even breaking through the 18% sales share glass ceiling.
Carrefour re-signs with Majid Al Futtaim until 2031 Africa, Middle East On April 3, Carrefour renewed an exclusive franchise agreement until 2031 with the Emirati group Majid Al Futtaim (turnover 2024: €8.53 billion,…
[mind Retail Exclusive] Lucky Cart signs with Carrefour Spain Europe The start-up specialising in personalised promotions and recommendations is beginning international expansion with a first milestone in Spain, mind Retail learned.
Oman: Majid Al Futtaim wipes out Carrefour brand in favour of HyperMax Africa, Middle East On January 7, 2025, Majid Al Futtaim (2023 sales : US$9.4 billion, up 1.1%,…
India ease rules for foreign single-brand retailers Asia In 2012, in a wide opening move, India allowed 100% foreign direct investment in single-brand retail. This relaxed the array of rules restricting the investment of foreign single-brand retailers such as Ikea,…
Carrefour takes a step back, Wal-Mart accelerates Asia In China, the race for ultra-fast delivery has defeated Carrefour. This pressure continues to disrupt across the entire landscape of large food retailers. Carrefour has been selling into China for 25 years, and spent more than one year working with Tencent on digital transformation. However, in late June 2019, Carrefour announced a transfer of 80% of Chinese operations (210 hypermarkets and 24 convenience stores) to the non-food distributor Suning.com.…
