Foreign supermarket chains are struggling to compete on the mainland and should expand their online sales platforms to boost their revenues, industry insiders say.Saturday, 23 February, 2013, 4:51am
Carrefour said on Tuesday it had agreed to sell its 60 percent controlling stake in its Indonesian supermarket operations to closely held CT Corp for 525 million euros (US$672.78 million).
The sale is the latest in a series of moves by Europe’s largest retailer to retreat from secondary markets as it seeks to cut debt and refocus on its core operations.20 Nov 2012 - 4:11pm
Carrefour, France's biggest grocer, agreed to sell its Malaysian operations to Aeon, Japan's largest retailer, for €250 million (HK$2.5 billion).
The sale was effective immediately, Carrefour said in a statement. The retailer is the fourth-biggest in Malaysia, where it had 26 stores and €400 million in sales in the 12 months to June 30, the company said.2 Nov 2012 - 5:30am
Telecommunications equipment supplier Motorola Solutions forecasts major retailers in China to drive a steady rollout of advanced, mobile automation systems in their stores over the next few years.
The US-based company said it would be involved in "a lot of high-level pilot projects that will happen shortly on the mainland and in Hong Kong".5 Oct 2012 - 9:03am
Carrefour said on Tuesday that it was pulling out of Singapore with the closure of its two existing outlets in the city-state by the end of this year. The French retail giant was the first to introduce the hypermarket concept in Singapore with the opening of its first store in 1997.28 Aug 2012 - 5:25pm
China’s largest hypermarket chain, Sun Art Retail Group, posted a 75 per cent jump in first-half net profit on Tuesday, helped by effective cost controls and an expanded sales network, highlighting its resilience to an economic slowdown that has sapped consumer demand and bloated inventories.28 Aug 2012 - 9:25am
Chinese retailers who braced themselves a decade or so ago for an influx of competitors, such as Carrefour and Walmart, have matched, and in some cases, even outclassed their giant international rivals.21 Nov 2011 - 12:00am
I came back to see the Games, but also to meet up with old friends in a city I love,' said Lionnet, who moved back to Paris 18 months ago after working in Beijing as a freelance journalist for nearly four years.14 Aug 2008 - 12:00am
Students rally, but many shoppers continue to use French chain stores
Protests against French retailer Carrefour took place again yesterday in several mainland cities, despite tentative government moves to cool the anti-foreign sentiment of recent weeks.2 May 2008 - 12:00am
No more violence over Olympics
I think the Tibetan and foreign demonstrators who obstructed the Olympic torch relay are unreasonable.
On the other hand, some Chinese people have hindered the normal operation of the Carrefour supermarkets.
Aren't both parties being irrational?29 Apr 2008 - 12:00am