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Carrefour Introduction

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Carrefour Introduction
Carrefour S.A. (Euronext: CA) (French pronunciation: [kaʁfuʁ]) is a French international hypermarket chain. Headquartered in Levallois-Perret, France,[2] Carrefour is the largest hypermarket chain in the world in terms of size, the second largest retail group in the world in terms of revenue and third largest in profit after Wal-Mart and Tesco. Carrefour operates mainly in Europe, Argentina, Brazil, China, Colombia and in the Dominican Republic, but also has shops in North Africa and other parts of Asia. Carrefour means "crossroads" in French.

Statistics:
Public Company
Incorporated: 1959
Employees: 420,000
Sales: $72 billion (2002)
Stock Exchanges: Euronext Paris
Ticker Symbol: CA
NAIC: 445110 Supermarkets and Other Grocery (Except Convenience) Stores; 452910 Warehouse Clubs and Superstores; 445120 Convenience Stores; 452990 All Other General Merchandise Stores

Company Perspectives:
The Group has formulated a policy based on convenience, trust, low prices and quality products and services. All over the world, Carrefour is working to bring consumer products within the reach of the greatest number of people. It is succeeding by tightly integrating its stores into the local fabric, adapting its product lines and services, providing continuing professional training to its employees and taking actions to support local sustainable development in the regions where it operates.

Key Dates:
1959: Marcel Fournier and Louis Defforey establish Carrefour.
1960: The first Carrefour store opens and is an immediate success.
1963: Carrefour establishes its first hypermart.
1970: The company goes public.
1985: Fournier dies; by now the company has expanded to ten countries.
1991: Euromarché is acquired.
1998: The company purchases Comptoirs Modernes SA.
2000: Carrefour merges with Promodès SA to become Europe's largest retailer.

Company History:

As the world's second largest retailer, Carrefour SA operates more than 10,300 stores in France and abroad

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