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Macy’s China stopped taking orders on Tmall this week and will close its operations by the end of the month. The US department store business said it chose not to renew the contract with Alibaba’s Tmall which ends on December 31. “We sincerely thank you for…
Chinese online grocery and delivery firm Dada-JD Daojia is partnering with French hypermarket chain Carrefour. The collaboration, which involves listing Carrefour China stores on the Dada-JD platform, has already resulted in a 720 per cent increase in the…
Carrefour Indonesia has sealed a deal with the nation’s Mosque Council (Dewan Masjid Indonesia, DMI) to open up to 300 mini supermarkets. The stores will be built in mosque districts by Carrefour’s local entity Trans Retail Indonesia and range in size between…
Britain’s largest grocery chain Tesco and French grocery giant Carrefour have joined forces on how they source and buy from suppliers in a bid to cut prices. The long-term deal, which was struck amid mounting competition from Amazon and other rivals, allows…
Carrefour and Google have formed a strategic partnership to develop innovative online shopping solutions. The two companies say Google will contribute its technology and skills in AI, cloud computing and new consumer shopping interfaces like the Google…
Carrefour China has opened its first-ever ‘smart supermarket’ in Shanghai in partnership with Tencent, four months after the parent company of the WeChat app bought a stake in the French retailer. Covering 4000sqm over two levels in Changning district, the…
Next month’s Consumer Goods Forum to be held at the Marina Bay Sands will feature a ‘who’s who’ of international retail leaders. This year marks the first time in a decade the event is being held in Asia. Running from June 12-15, it is themed Consumer…
Carrefour Taiwan showed growth for the 13th consecutive quarter while in the rest of Asia first-quarter sales sagged for the French hypermarket operator. Taiwan’s like-for-like sales rose by 3.3 per cent. A strategic partnership formed with Tencent in China…
French hypermarket retailer Carrefour is reaping the rewards of restructuring its Asian operations. The Carrefour Asia business has converted an operating loss of €58 million in 2016 to a return on investment of €4 million US$4.4 million) last year, according…
Three Chinese e-commerce giants led by Tencent are buying into shopping centres as part of an alliance that will help fund property magnate Wang Jianlin’s HK$30 billion (US$3.8 billion) plan to take his Dalian Wanda Group private. Jianlin describes it as the…
Carrefour is to cut jobs, boost ecommerce investment and seek a partnership in China with Tencent in the face of competition from Amazon, sending its shares higher on Tuesday. Alexandre Bompard, who took over as CEO in July, is trying to overhaul Carrefour’s…
French grocery giant Carrefour has opened its first store in Cameroon, expanding its African footprint. The Carrefour Market supermarket is located in the city of Douala and is operated by local partner CFAO Retail, which has stores in eight African…
Carrefour Taiwan has opened four more stores, three in Taipei and one in Tainan. The French hypermarket chain introduced the stores all in a space of a week, and all will be open 24/7. First up was Tainan Yu Nong at 650sqm, followed by Luzhou Guanghua…
This week’s Alibaba-Sun Art deal is a major step in the development of a new retail landscape in China, write Wai-chan Chan and Jacques Penhirin of Oliver Wyman. This is not a “real estate play” with Alibaba buying 446 grocery stores, but shows how serious…
On March 23rd 2017, Carrefour successfully opened its 27th Easy Carrefour Store in Shanghai, China. Sitting on Long Dong Avenue, the newly-opened Easy store covers an area of approximately 332 square meters with over 4,000 items. The first convenience store…
Carrefour China has opened its 27th Easy Carrefour Store in Shanghai. On Long Dong Avenue, the 332 sqm store offers more than 4000 items. The French multinational retailer opened its first convenience store under the Easy banner in 2004. Meanwhile, Carrefour…
