Morning News have fame the world's second largest retailer Carrefour is in full shrink the front, also announced its withdrawal from the market of Singapore, the Carrefour China business to sell rumors trade rumors.
Broke the news of a local retail company CEOs, Carrefour's China operations to be sold, then set may be China Resources. Carrefour China PR response, Carrefour will certainly insist on investment in China, the Chinese market but also the steady development.
Affected by the debt crisis in Europe, Carrefour in trouble in the local European market, the company's quarterly show of this year, French sales fell 2.1%, the rest of Europe fell 3.5%. In addition, by the end of August, Carrefour France headquarters plans to lay off 500 to 600 people, accounting for about 8% of the total number of employees.
Analysts pointed out that more than 70 percent of Carrefour's business is concentrated in Europe, to raise 3 billion euros in order to revitalize its business in Europe, and the sale of the business in other markets become important way to obtain funds.
In recent years, the Carrefour shrinking global market layout, since 2009, have been pulled out of the retail market in Japan, Mexico, Russia and Thailand, this year, after another announced its withdrawal from the market of Greece and Singapore.
Carrefour in the Chinese market in recent years have encountered a great deal of challenges, the performance growth slowed at the same time, has also been price gouging, a series of negative news supplier outages wound. The news of the sale of the business of Carrefour China has never been off the the outgoing disk access, including Wal-Mart, Master Group, COFCO.
In the industry view, not a last resort, Carrefour can not be sold as a whole business in China. "China is a global retail companies are very optimistic about the market, Carrefour will not easily quit." Zhao Ping, deputy director of the Institute of Consumer Economic Research Department of the Ministry of Commerce, said that although Carrefour withdrew from the market of many countries, but China is still growth. good market, driven by earnings is very favorable. Nevertheless, the industry view, Carrefour adjust business strategy in China will be inevitable, "Carrefour is likely in certain areas of contraction, stripping some poor profitability stores."
Carrefour is one of the first to enter the Chinese market, foreign supermarket since 1995 to enter the Chinese market, by virtue of the "localization" strategy, in the number of stores has been among the top foreign supermarket.
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