Carrefour

After the review of the action plan implemented over the last two months, board of directors of French retail major Carrefour announced its expected sales growth of 6.5 per cent in 2008, down from a previous target of around...

Tesco is set to overtake Carrefour in the global turnover rankings within the next five years, making it the world’s second largest retailer after Wal-Mart. IGD’s latest report, Global Retailing: Preparing for Change, predicts that Tesco will grow at...

Carrefour Group has launched trials of its new store banner, Carrefour Contact, to build on the strength of the Carrefour brand. Located at the entry to or in the centre of small towns and villages, Carrefour Contact is a...

French international hypermarket chain, Carrefour has enticed Swiss Nestle’s executive vice president Lars Olofsson to lead Carrefour as CEO replacing José Luis Durán from January 1, said the group. On this development, Amaury de Seze, Carrefour chairman said, “Lars Olofsson...

“The parliamentary standing committee will meet the union commerce secretary to draft guidelines on possible regulations in the retail sector within the next two days,” Murli Manohar Joshi, former union minister, said on the sidelines of a meeting on...

Dubai-based real estate major Majid Al Futtaim is planning to enter India and is in the process of identifying a local partner for building shopping malls, residential properties and other commercial spaces. Confirming the news, Younis Al Mulla, VP, business...

Wal-Mart, Tesco, Carrefour… Bharti, Reliance, Future Group, Indiabulls, Shoppers… DLF, Emaar MGF, Parsvnath, Wadias, Rahejas… partnerships, top-line growth plans…NEWS… Few names, a lot of buzz, but little activity. The business of retail, like a tennis ball in play, has been...

The Indian government might consider allowing 49 per cent foreign direct investment (FDI) in multi-brand retail of products that include gems, jewellery and apparel. According to a senior government official, the Centre might consider taking this step only after National...

French retailer Carrefour, which has been in talks with almost all top retailing companies in India, seems to have zeroed in on Parsvnath Developers and will probably chose them to be their partner for India operations. Abdul Rab, director of...

New York-based Jarden Consumer Solutions (JCS) is introducing Bionaire, an air management brand, and Oster, a kitchen appliances brand, in the country this year. These consumer durable brands will be retailed in the Indian market through multi-brand retail outlets. “The home...