RETAIL INNOVATIONS CASE STUDY Carrefour: Hypermarket Reinvention Carrefour’s approach to revitalizing its hypermarket format and key action points for retailers looking to improve their large format store sales Reference Code: CM00028-002 Publication Date: December 2010 OVERVIEW Summary Verdict’s Retail Innovations case studies are new for 2010. Each profile provides an evaluation of a company that stands out due to a set of unique characteristics‚ or a particular strategic initiative
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Carrefour Introduction Carrefour one of the biggest retailers in Europe‚ which is working with the shopping area and discounters in the world. The company is headquartered in Paris‚ France.) The company started in France in 1959 and opened its first supermarket in 1960. The first major changes and expansions‚ which that it went through‚ were between the 70s and the 80s‚ a period that saw the stocks of the company being floated in 1970 in the Paris bourse. In 1970 the company presented in stock
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Company Choice I decide to talk about Carrefour; French group’s retail sector. In 2009‚ the second global group of the industry in terms of sales behind Wal-Mart. Founded in 1959 in Annecy‚ it is present in Europe‚ South America and Asia‚ as well as in other areas of the world in the form of local partnership. In 1999‚ the company merged with the French group Promodès‚ one of its main competitors‚ and thus became the number one European supermarkets. The Carrefour Group has published a 2008 turnover
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analysis is to highlight how Carrefour has financed its growth over the last four years i.e. 1968 through 1971 with the help of the Statement of Sources and Uses (Exhibit 1). In addition‚ the financing needs for the projected growth of the company will be reported and analyzed briefly. For this purpose Pro-forma Income Statements (Exhibit 2) and Pro-forma Balance Sheets (Exhibit 3) have been prepared for the next four years (1972 through 1975). From 1968 to 1971‚ Carrefour has used trade notes extensively
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Content Page COVER PAGE 1 CONTENT PAGE 2 ABOUT CARREFOUR 3 FACTORS THAT IMPORTANT TO CARREFOUR 3 INTERNATIONAL MARKETING RESEARCH 11 CARREFOUR EMERGING MARKETS IN SINGAPORE 18 INTERNATIONAL TRADE BARRIERS 21 CARREFOUR MARKET-ENTRY STRATEGIES 26 REFERENCE 36 About Carrefour Over the past 40 years‚ the Carrefour group has grown to become one of the world’s leading distribution groups
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threats while expanding their global market; they featured many products like groceries‚ toys‚ furniture‚ fast food and also financial services‚ all under one roof. The first hypermarket was opened in 1963 with the help of French government. By 1973 Carrefour became world’s most global retailer with 15‚000 stores globally. When Careefour established its first hypermarket in Philadelphia US‚ and other unit in US‚ but then shut down both the store soon. The problem was some customers found the store too
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| | |Ethical Analysis of Carrefour Corporation | | | |Business Ethics and Sustainability
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The social structure of 1800’s Russia was a rigid hierarchy. According to the 1879 census 82% of the population were peasants‚ 4% was the working class‚ 1.5% were the middle classes‚ and 12.5% were the upper classes. The peasants were small farmers that used outdated methods. They were mostly former serfs that were freed in the 1861 serf emancipation under Alexander II. This “freedom” was accompanied by a land redistribution that hurt more than helped because most of the land went to the nobles and
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6‚ 2012 Mr. Sessions Russia Population 140.4 million GDP (PPP) 2.2 Trillion 4.0% Growth 3.4% 5 Year compound annual growth 15‚837 Per capita 7.5% Unemployment 6.9% Inflation (CPI) 41.2 Billion Russia’s politics takes place in the framework of a federal semi presidential republic. According to the Constitution of Russia‚ the president of Russia is head of State and of a multiparty system with executive
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Climate How cold do you think Russia can get? The Russian winter certainly guarantees plenty of snow and frost… but not everywhere. And it doesn’t last forever. Russia’s climate varies dramatically‚ from the deep Arctic chill of the far north to the searing desert heat of some inland areas further south. Yet‚ throughout much of the country there are only two distinct seasons – winter and summer. Spring and autumn are only brief spells of change in between. [pic]Russian winter (photo by Irina
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