Carrefour upgrades its saving forecast

Alexandre Bompard presented the group’s annual results last week and said he was satisfied as 2018 was “a key turning point in the transformation agenda of Carrefour 2022”. Carrefour turnover grew to reach €85.1 bn, and in France its turnover grew +0.3%. In this context, Carrefour will boost the expansion of local outlets: 2,000 local stores were to be open by 2022, the objective is now of 3,000 stores. To rationalise costs, the group wanted a simplification of products ranges and planned to reduce by 10% the number of products in stores by 2020. The reduction will be pushed up to 15%. By end of 2018, Carrefour was already half-way with 7.5% reduction “which allows more room for Carrefour’s private labels” says Alexandre Bompard. His objective is to “make a third of the sales through Carrefour’ labels by 2022”. Carrefour 2022 is both a model of growth (via the development of organic products, local stores and e-commerce) and of savings.

LINEAIRES - Bertin, 28th February 2019
Haut de page