The 2008 annual report for Carrefour provides key information about the company's performance in 2008. It discloses that Carrefour is the number 1 retailer in Europe and number 2 worldwide, with over 108.6 billion euros in sales. The company has operations in 31 countries with over 15,000 stores and 495,000 employees.
Michael Birk, Frito-Lay, presents on the company's sustainability policies at the Wisconsin Natural Gas for Transportation Roundtable on January 29, 2013.
Carrefour is an international retailer and the largest in Europe. It operates hypermarkets, supermarkets, discount stores, and convenience stores across Europe, Latin America, and Asia. Some key points about Carrefour include:
- It has over 456,000 employees and annual revenue of €87 billion
- It focuses on private label brands and uses technology to improve its supply chain operations
- Carrefour aims to customize its operations in each local market to adapt to local conditions
- It works to control costs and improve efficiency through strategies like direct procurement and supply chain integration
This document compares the supply chain strategies of Walmart and Carrefour, the two largest retailers globally. Both companies focus on cost leadership through strategies like vendor management inventory (VMI) and efficient transportation networks. However, Walmart prioritizes lowest cost above all else, while Carrefour also emphasizes catering to local markets. Technology is core to both companies' supply chains, from RFID and EDI to private networks sharing sales data with vendors.
Carrefour is a French international hypermarket chain and the largest retailer in Europe, operating 11,000 stores across over 30 countries. It employs over 495,000 people and had sales of 112.245 billion euros in 2010. Carrefour operates various store formats including hypermarkets, supermarkets, convenience stores, and cash & carry wholesale outlets.
Carrefour is the second largest retailer in the world. It was founded in 1959 in France and has expanded worldwide. The document provides details about Carrefour's founders, key executives, store numbers globally, and gives overviews of Carrefour's history, products, and focus on customer needs through offerings like organic and gluten-free products.
Michael Birk, Frito-Lay, presents on the company's sustainability policies at the Wisconsin Natural Gas for Transportation Roundtable on January 29, 2013.
Carrefour is an international retailer and the largest in Europe. It operates hypermarkets, supermarkets, discount stores, and convenience stores across Europe, Latin America, and Asia. Some key points about Carrefour include:
- It has over 456,000 employees and annual revenue of €87 billion
- It focuses on private label brands and uses technology to improve its supply chain operations
- Carrefour aims to customize its operations in each local market to adapt to local conditions
- It works to control costs and improve efficiency through strategies like direct procurement and supply chain integration
This document compares the supply chain strategies of Walmart and Carrefour, the two largest retailers globally. Both companies focus on cost leadership through strategies like vendor management inventory (VMI) and efficient transportation networks. However, Walmart prioritizes lowest cost above all else, while Carrefour also emphasizes catering to local markets. Technology is core to both companies' supply chains, from RFID and EDI to private networks sharing sales data with vendors.
Carrefour is a French international hypermarket chain and the largest retailer in Europe, operating 11,000 stores across over 30 countries. It employs over 495,000 people and had sales of 112.245 billion euros in 2010. Carrefour operates various store formats including hypermarkets, supermarkets, convenience stores, and cash & carry wholesale outlets.
Carrefour is the second largest retailer in the world. It was founded in 1959 in France and has expanded worldwide. The document provides details about Carrefour's founders, key executives, store numbers globally, and gives overviews of Carrefour's history, products, and focus on customer needs through offerings like organic and gluten-free products.
This document discusses five outstanding social media campaigns in Indonesia and the social media activities of three fast moving consumer goods companies: Unilever, Procter & Gamble, and Johnson & Johnson. It provides information on Go-Jek, an on-demand multi-service platform in Indonesia, Wonderful Indonesia which promotes tourism, and Traveloka, Indonesia's largest flight and hotel booking website. It also gives an overview of Nutrifood, Aqua mineral water, and the social media strategies and content focuses of Unilever, P&G and J&J on Facebook, Twitter and Instagram.
A presentation on French originated CARREFOUR Retail. Also a comparison with a competitor and an Indian retail company.SWOT analysis, business strategies, private labels, vision and mission. Complete insight of the world number 2 retailer. .
Carrefour is the largest retailer in Europe and second largest globally. It operates over 15,600 stores across 34 countries using various formats like hypermarkets, supermarkets, convenience stores, and hard discount stores. Carrefour sees opportunities for growth in emerging markets like Asia and focuses on China, India, and Indonesia. While hypermarkets require large initial investments, they provide a wide product range under one roof. However, their success depends on carefully considering diverse business environments. This paper analyzes challenges faced by Carrefour due to diversity in Asia, focusing on China, India, and Indonesia.
Benefits of social media marketing for brandsEmily Connors
- Over 90% of marketers say that social media marketing is important for their business and increases traffic to their websites. However, many are unsure which social media tools work best.
- Social media allows brands to increase recognition and loyalty at a low cost by directly interacting with customers. It has been shown to increase conversion rates over traditional outbound marketing.
- With continued growth of e-commerce and social media usage, social media presents opportunities for brands to decrease marketing costs while improving customer satisfaction.
One Year of Mobile Marketing operations - CarrefourWilliam Belle
Carrefour is the largest retailer in France. It launched a mobile marketing campaign featuring a virtual store displayed in subway stations that allows customers to scan QR codes of products and have them delivered or pick them up at a store. The multi-channel campaign utilized various advertising methods including TV, print, digital, and partnerships with the transit authority. Effectiveness would be measured through surveys, app downloads and usage, and impact on overall sales. Risks included connectivity issues and concerns over mobile payment security. Recommendations included improving integration across Carrefour apps and addressing trust in mobile payments.
MM ITBK - Carrefour Overview - Global Marketing by Noverino RifaiNoverino Rifai
This document provides an overview of Carrefour Indonesia. It discusses Carrefour's background as a large French retailer operating in over 30 countries. In Indonesia, Carrefour first opened in 1998 and now has 84 stores across the country. The document analyzes Carrefour's strengths, weaknesses, opportunities, and threats. It also summarizes the company's strategies in Indonesia, which focus on strengthening its brand equity, pursuing profitable growth, and transforming its organization.
Carrefour is a French multinational retailer headquartered in Boulogne Billancourt, France. It has a presence in over 30 countries and operates over 15,500 stores worldwide. Carrefour aims to be the benchmark in modern retailing by delivering the best prices and merchandise to customers, growth opportunities to employees, returns to shareholders, cooperation with suppliers, and commitment to local communities. It was founded in 1959 and has since expanded across Europe, Asia, Americas, and Africa through new store openings and acquisitions.
Carrefour is an international hypermarket chain headquartered in France. It operates over 15,600 stores globally making it the second largest retailer in the world. Carrefour emerged in 1958 and has since expanded internationally, deriving over 57% of its revenue outside of France. It aims to satisfy customer needs through various store formats including hypermarkets, supermarkets, convenience stores and cash & carry locations. Carrefour sees growth opportunities in expanding further into large markets like China, Brazil, India and Turkey.
My presentation is about Carrefour. I have included some financial informations such as ratios and a share graph. At the end of my presentation you will know if Carrefour is investable or not.
Carrefour is an international retailer operating hypermarkets, discount stores, and convenience stores across Europe, Latin America, and Asia. It has established various e-commerce platforms to enable online shopping for food and non-food items. Carrefour uses technologies from partners like IBM and Dell to power its management systems, online platforms, and store operations. Emerging technologies help Carrefour improve business information management, customer relationships, and competitiveness.
This presentation consists of a discription of the stock price from the supermarket Carrefour. Afterwards you can read my personal forecast and some arguments.
Building a Scalable Architecture for web appsDirecti Group
Visit http://wiki.directi.com/x/LwAj for the video. This is a presentation I delivered at the Great Indian Developer Summit 2008. It covers a wide-array of topics and a plethora of lessons we have learnt (some the hard way) over the last 9 years in building web apps that are used by millions of users serving billions of page views every month. Topics and Techniques include Vertical scaling, Horizontal Scaling, Vertical Partitioning, Horizontal Partitioning, Loose Coupling, Caching, Clustering, Reverse Proxying and more.
This document discusses various group members and modes of entry for international business. It provides examples of companies like Floreal Knitwear, Toyota Australia, Larsen and Toubro, Oracle Corporation, Pizza Hut, BATA, Apollo Hospitals Group, Toyota Mauritius, Indian Oil Corporation, and Oracle that use different modes of entry such as exporting, turnkey projects, licensing, franchising, joint ventures, and wholly owned subsidiaries. The modes of entry discussed provide both advantages and disadvantages for international market expansion.
The deck covers:
- a bit of introduction of social media in Indonesia,
- a quick guide to create interesting content,
- social media cause examples,
- a quick guide to social media crisis,
- and a bit info of some social media tools available.
This presentation talks about the Retail industry inside out and focusses on the IT strategy being followed in the industry. A business case for Carrefour is built up for various candidate projects analysed using a 10 lens method.
I appreciate you leave a comment on the slideshow. You are free to use to use the information as long as you mention the source although I would not be able to share the originals with you since it is not under my ownership alone.
Walmart and Carrefour are two of the largest retailers in the world, but have different supply chain strategies. Walmart has a centralized and standardized supply chain focused on low prices every day, while Carrefour takes a more decentralized approach tailored to customer needs in different markets. Walmart is a leader in supply chain technology and pioneered the use of barcodes and RFID, while Carrefour is more of a technology follower. Both companies have expanded globally but Walmart remains focused on the large, uniform US market while Carrefour operates across diverse international markets.
Basics, Components, Design and Development of Web Application and Websites. Especially made for seminars and guest sessions for newbies in Web Development field.
STAENZ Academy
https://staenz.com/academy
The 2016 calendar year ended with a flurry of updates from around the social sphere, with the majority of the conversation centered around community care and live video. These moves align with platforms’ consistent efforts to create a positive, authentic, and immersive experience for their users.
See what’s new, what’s hot, and what’s been improved across your favorite social platforms during Q4. Our latest Social Media Trend Report covers it all.
Find out what’s happening on social media and what it means for your business. The quarterly trend report from The Social Lights summarizes the major social media network updates and provides recommendations for how businesses can take advantage of the new opportunities.
Social Networks included in the Q2 Social Media Trends Report:
- Facebook
- Twitter
- Instagram
- Snapchat
- musical.ly
Want to stay informed about changes in social media? Check out The Social Lights’ blog: thesocial-lights.com/subscribe
Derbigum is a 77-year old, family owned Belgian roofing manufacturer with 400 employees. It has been active in green innovations since 1998 and obtaining ISO 14000 and EMAS certifications. Recent innovations include Derbibrite, a passive cooler launched in 2007, Derbisolar flexible photovoltaic membranes launched between 2009-2013, and Derbipure launched in 2010. Derbigum evaluates its green innovation strategy through metrics like the number of new products launched and their sales. Its next steps are making buildings smarter through new low-slope roof energy solutions and further developing products with lower environmental impact.
This document discusses five outstanding social media campaigns in Indonesia and the social media activities of three fast moving consumer goods companies: Unilever, Procter & Gamble, and Johnson & Johnson. It provides information on Go-Jek, an on-demand multi-service platform in Indonesia, Wonderful Indonesia which promotes tourism, and Traveloka, Indonesia's largest flight and hotel booking website. It also gives an overview of Nutrifood, Aqua mineral water, and the social media strategies and content focuses of Unilever, P&G and J&J on Facebook, Twitter and Instagram.
A presentation on French originated CARREFOUR Retail. Also a comparison with a competitor and an Indian retail company.SWOT analysis, business strategies, private labels, vision and mission. Complete insight of the world number 2 retailer. .
Carrefour is the largest retailer in Europe and second largest globally. It operates over 15,600 stores across 34 countries using various formats like hypermarkets, supermarkets, convenience stores, and hard discount stores. Carrefour sees opportunities for growth in emerging markets like Asia and focuses on China, India, and Indonesia. While hypermarkets require large initial investments, they provide a wide product range under one roof. However, their success depends on carefully considering diverse business environments. This paper analyzes challenges faced by Carrefour due to diversity in Asia, focusing on China, India, and Indonesia.
Benefits of social media marketing for brandsEmily Connors
- Over 90% of marketers say that social media marketing is important for their business and increases traffic to their websites. However, many are unsure which social media tools work best.
- Social media allows brands to increase recognition and loyalty at a low cost by directly interacting with customers. It has been shown to increase conversion rates over traditional outbound marketing.
- With continued growth of e-commerce and social media usage, social media presents opportunities for brands to decrease marketing costs while improving customer satisfaction.
One Year of Mobile Marketing operations - CarrefourWilliam Belle
Carrefour is the largest retailer in France. It launched a mobile marketing campaign featuring a virtual store displayed in subway stations that allows customers to scan QR codes of products and have them delivered or pick them up at a store. The multi-channel campaign utilized various advertising methods including TV, print, digital, and partnerships with the transit authority. Effectiveness would be measured through surveys, app downloads and usage, and impact on overall sales. Risks included connectivity issues and concerns over mobile payment security. Recommendations included improving integration across Carrefour apps and addressing trust in mobile payments.
MM ITBK - Carrefour Overview - Global Marketing by Noverino RifaiNoverino Rifai
This document provides an overview of Carrefour Indonesia. It discusses Carrefour's background as a large French retailer operating in over 30 countries. In Indonesia, Carrefour first opened in 1998 and now has 84 stores across the country. The document analyzes Carrefour's strengths, weaknesses, opportunities, and threats. It also summarizes the company's strategies in Indonesia, which focus on strengthening its brand equity, pursuing profitable growth, and transforming its organization.
Carrefour is a French multinational retailer headquartered in Boulogne Billancourt, France. It has a presence in over 30 countries and operates over 15,500 stores worldwide. Carrefour aims to be the benchmark in modern retailing by delivering the best prices and merchandise to customers, growth opportunities to employees, returns to shareholders, cooperation with suppliers, and commitment to local communities. It was founded in 1959 and has since expanded across Europe, Asia, Americas, and Africa through new store openings and acquisitions.
Carrefour is an international hypermarket chain headquartered in France. It operates over 15,600 stores globally making it the second largest retailer in the world. Carrefour emerged in 1958 and has since expanded internationally, deriving over 57% of its revenue outside of France. It aims to satisfy customer needs through various store formats including hypermarkets, supermarkets, convenience stores and cash & carry locations. Carrefour sees growth opportunities in expanding further into large markets like China, Brazil, India and Turkey.
My presentation is about Carrefour. I have included some financial informations such as ratios and a share graph. At the end of my presentation you will know if Carrefour is investable or not.
Carrefour is an international retailer operating hypermarkets, discount stores, and convenience stores across Europe, Latin America, and Asia. It has established various e-commerce platforms to enable online shopping for food and non-food items. Carrefour uses technologies from partners like IBM and Dell to power its management systems, online platforms, and store operations. Emerging technologies help Carrefour improve business information management, customer relationships, and competitiveness.
This presentation consists of a discription of the stock price from the supermarket Carrefour. Afterwards you can read my personal forecast and some arguments.
Building a Scalable Architecture for web appsDirecti Group
Visit http://wiki.directi.com/x/LwAj for the video. This is a presentation I delivered at the Great Indian Developer Summit 2008. It covers a wide-array of topics and a plethora of lessons we have learnt (some the hard way) over the last 9 years in building web apps that are used by millions of users serving billions of page views every month. Topics and Techniques include Vertical scaling, Horizontal Scaling, Vertical Partitioning, Horizontal Partitioning, Loose Coupling, Caching, Clustering, Reverse Proxying and more.
This document discusses various group members and modes of entry for international business. It provides examples of companies like Floreal Knitwear, Toyota Australia, Larsen and Toubro, Oracle Corporation, Pizza Hut, BATA, Apollo Hospitals Group, Toyota Mauritius, Indian Oil Corporation, and Oracle that use different modes of entry such as exporting, turnkey projects, licensing, franchising, joint ventures, and wholly owned subsidiaries. The modes of entry discussed provide both advantages and disadvantages for international market expansion.
The deck covers:
- a bit of introduction of social media in Indonesia,
- a quick guide to create interesting content,
- social media cause examples,
- a quick guide to social media crisis,
- and a bit info of some social media tools available.
This presentation talks about the Retail industry inside out and focusses on the IT strategy being followed in the industry. A business case for Carrefour is built up for various candidate projects analysed using a 10 lens method.
I appreciate you leave a comment on the slideshow. You are free to use to use the information as long as you mention the source although I would not be able to share the originals with you since it is not under my ownership alone.
Walmart and Carrefour are two of the largest retailers in the world, but have different supply chain strategies. Walmart has a centralized and standardized supply chain focused on low prices every day, while Carrefour takes a more decentralized approach tailored to customer needs in different markets. Walmart is a leader in supply chain technology and pioneered the use of barcodes and RFID, while Carrefour is more of a technology follower. Both companies have expanded globally but Walmart remains focused on the large, uniform US market while Carrefour operates across diverse international markets.
Basics, Components, Design and Development of Web Application and Websites. Especially made for seminars and guest sessions for newbies in Web Development field.
STAENZ Academy
https://staenz.com/academy
The 2016 calendar year ended with a flurry of updates from around the social sphere, with the majority of the conversation centered around community care and live video. These moves align with platforms’ consistent efforts to create a positive, authentic, and immersive experience for their users.
See what’s new, what’s hot, and what’s been improved across your favorite social platforms during Q4. Our latest Social Media Trend Report covers it all.
Find out what’s happening on social media and what it means for your business. The quarterly trend report from The Social Lights summarizes the major social media network updates and provides recommendations for how businesses can take advantage of the new opportunities.
Social Networks included in the Q2 Social Media Trends Report:
- Facebook
- Twitter
- Instagram
- Snapchat
- musical.ly
Want to stay informed about changes in social media? Check out The Social Lights’ blog: thesocial-lights.com/subscribe
Derbigum is a 77-year old, family owned Belgian roofing manufacturer with 400 employees. It has been active in green innovations since 1998 and obtaining ISO 14000 and EMAS certifications. Recent innovations include Derbibrite, a passive cooler launched in 2007, Derbisolar flexible photovoltaic membranes launched between 2009-2013, and Derbipure launched in 2010. Derbigum evaluates its green innovation strategy through metrics like the number of new products launched and their sales. Its next steps are making buildings smarter through new low-slope roof energy solutions and further developing products with lower environmental impact.
This annual report provides an overview of Stora Enso, a global paper, packaging and forest products company. It discusses the company's business areas including newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. It provides key figures on the company's financial and operational performance in 2008, including sales, operating profit, number of employees and production capacity. The report also gives an overview of each business area's market share, main markets and production capacity by country.
Suez committed together to water a source of lifeRick Nabett
With more than 40 years of local experience, SUEZ
is committed to providing smart, reliable water solutions tailored
to help municipal and industrial clients achieve their unique
business visions. http://www.degremont.com.au/
2009-2011 Industrial Plan: Strategic Guidelines and Targets.
Pirelli Group has and will continue to develop measures to increase its competitiveness and enhance its efficiency.
More on: http://industrial-plan.pirelli.com/idayPost/jsp/downloadArea.jsp
Reorganization, Business rationalization as well as the development of "green" technologies and products will be the levers supporting Pirelli in this process.
This document is Parker Hannifin Corporation's 2001 Annual Report which provides an overview of the company's financial performance and discusses its strategies. The report discusses how Parker operates in many industries including aerospace, food processing, computing, energy, transportation, manufacturing and more. It highlights several acquisitions Parker made in 2001 to expand its capabilities and better serve customers. The report emphasizes Parker's focus on customer service, financial performance, and growth through innovation.
This document is Parker Hannifin Corporation's 2001 Annual Report which provides an overview of the company's financial performance and discusses its strategies. The report summarizes that Parker experienced a decline in orders during a manufacturing recession but took steps to reduce costs and maintain margins. It also discusses several acquisitions completed in 2001 to expand its product offerings and industries served. The report outlines Parker's strategy of focusing on customer service, financial performance, and growth to strengthen its position as a leader in motion and control technologies.
SCA creates value by fulfilling the needs of customers and consumers in a spirit of innovation, through continuous efficiency enhancements and with a clear desire to contribute to sustainable development. The Group develops, produces and markets personal care products, tissue, packaging, publication papers and solid-wood products, and has sales in more than 100 countries. In 2010, SCA had annual sales of SEK 109bn and about 45,000 employees.
http://www.sca.com
Tarkett is a global leader in flooring with over 120 years of experience. Their strategy focuses on accelerating profitable growth and improving financial performance. In 2010, Tarkett had sales of €1.9 billion, with vinyl and linoleum comprising 64% and 12% of sales respectively. Their two key strengths in 2010 were stable financial performance and exporting 93% of sales from their operations in Serbia. Tarkett is committed to corporate sustainability through eco-effective products, being a great place to work, and establishing good governance. Their environmental initiatives in Serbia have significantly reduced energy, water usage and waste generation since 2009.
Embraco is a global leader in compressor technology and manufacturing. They have over 400 people dedicated to R&D across 3 continents, hold 862 patents globally, and have an annual compressor manufacturing capacity of over 30 million units. Embraco focuses on developing natural refrigerant compressors using propane (R290), isobutane (R600a), and carbon dioxide (R744/CO2). They have been a pioneer in alternative refrigerant technology since 1993 and now produce compressors using these natural refrigerants at multiple manufacturing sites around the world.
The document discusses how Ricoh has used industrial symbiosis to manage supply chain risk and promote sustainability. It summarizes that Ricoh has implemented industrial symbiosis through waste exchange programs, remanufacturing, and facilitating partnerships between companies. This has helped Ricoh reduce costs, improve resource efficiency, extend product lifecycles, and decouple business growth from environmental impacts, supporting its long-term sustainability strategy.
This document provides an analysis of Neochimiki Lavrentiadis Group, a Greek chemicals company. It discusses the company's operations in distributing chemicals and producing detergents. The company has experienced strong growth and is a market leader in Greece. The analysis identifies opportunities for continued growth from increasing market share in detergents, expanding internationally, and diversifying business lines. It provides financial projections expecting revenue and profit to grow rapidly in coming years. Some risks are also outlined. Overall, the analysis presents Neochimiki as a growing company in chemicals with potential for further expansion.
ERG is an executive consulting firm that provides interim managers and advisors to companies. They have offices in the US and Europe. ERG has over 15 years of experience working with over 100 companies across various industries. Their team of experienced executives can fill roles such as CEO, COO, CFO on an interim basis or provide advisory services to private equity firms and their portfolio companies. ERG tailors its services to meet each client's needs, from turnarounds to performance improvement to strategic projects.
The document is an investor presentation by COLEXON Energy AG, a leading player in solar solutions. It summarizes COLEXON's business segments, shareholder structure, group structure with international offices, and positioning across the solar value chain. It then discusses the market environment, including growth in solar markets globally but also a slowdown in 2009 due to oversupply. COLEXON benefits from decreasing module prices and diversifying its sales internationally. Recent changes in German renewable energy laws will impact industry players in the second half of 2010 by decreasing feed-in tariffs.
This document provides a summary of Lafarge's 2014 sustainability report. It discusses Lafarge's strategy of focusing on innovation and performance improvement to build better cities and contribute solutions to challenges like climate change and increasing urbanization. Lafarge operates in 61 countries, employs 63,000 people, and generated $12.8 billion in annual sales in 2014. The report outlines Lafarge's Sustainability Ambitions 2020 program which sets targets across social, economic, and environmental areas.
The document summarizes two integrated building design projects - ECOBATYS in France and the Green Build Hub in England. ECOBATYS will serve as an educational center for eco-renovation, research, and training local businesses. The Green Build Hub will be a 'living laboratory' to test and monitor eco-building products and serve as a training center located at the Eden Project in Cornwall, England. Both projects used new design methodologies - Integrated Design Process for ECOBATYS and Building Information Modeling for the Green Build Hub - to facilitate sustainable building with low environmental impact while controlling costs.
- The document discusses surveys conducted on EMAS-certified commercial sites and sustainability trends in the retail sector in the EU. It specifically examines reporting from 23 EMAS-certified wholesale and retail companies.
- It summarizes the environmental reporting and sustainability efforts of two large retailers, Carrefour and Kesko, including key performance indicators and awards received for their reporting. Both companies publish sustainability reports aligned with but not fully compliant with the Global Reporting Initiative guidelines.
- Their reporting covers environmental, social and economic issues and goals including reducing packaging and promoting supplier certification. Carrefour has specific programs to uphold workers' rights and ban child labor in its supply chain.
The G8 Climate Scorecards report 2009 shows that Germany, followed by the UK and France, is performing better than the rest of the rich nations’ group.
Entegris achieved its 36th consecutive year of profitability in fiscal year 2002 despite challenging market conditions in the semiconductor industry. Revenue declined 36% year-over-year to $219.8 million due to the industry downturn. However, the company generated $30 million in cash from operations and maintained a strong balance sheet and cash position of $119 million. Entegris focused on controlling costs through plant consolidations and reductions, resulting in $10 million lower quarterly fixed costs. The company also invested in innovation, expanding its technology leadership and product portfolio. Entegris set new 5-year goals to strengthen its position in existing markets and expand into new markets like life sciences and fuel cells.
Sappi Fine Paper Europe Sustainability Report 2011SappiHouston
This document provides a sustainability report for Sappi Fine Paper Europe (SFPE) for the 2011 year. It begins with an introduction that outlines Sappi's commitment to sustainability based on a holistic view of planet, people, and prosperity. It then provides details on SFPE's operations, locations, and position as a leading European producer of coated fine paper. The report also includes messages from the CEO and details on SFPE's charter commitments in the areas of planet, people, and prosperity. It provides performance updates against targets for reducing water and CO2 usage, increasing certified fibre, and other sustainability metrics.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
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How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Carrefour ra 2009_uk_01-56_v2
1. The customer at heart
2008 ANNUAL REPORT
2008 ANNUAL REPORT
Carrefour
Société Anonyme with capital of 1,762,256,790 euros
RCS Nanterre 652 014 051
www.groupecarrefour.com
CARREFOUR_RA_COUV_UK_V2.indd 1 1/07/09 13:57:29
2. No. 1
retailer in Europe
No. 2 OTHER PUBLICATIONs:
worldwide
108.629
CONTENTS billion euros in sales
incl. tax under Group
banners in 2008
02 Message from the Chairman of the Board of Directors 7th
04 Interview with the Chief Executive Officer largest employer worldwide
2008 Sustainability Report 2008 Financial Report
08 At the heart of year 2008 More than
495, 000
14 At the heart of our customers’ lives YOU CAN FIND THE LATEST CARREFOUR GROUP
20 At the heart of the city NEWS AND THE INTERACTIVE ANNUAL REPORT AT
WWW.GROUPCARREFOUR.COM
32 At the heart of our relationships employees worldwide
38 At the heart of the planet
44 At the heart of the Carrefour Group Operations in
31 countries
15,430
stores
Design, copywriting and production:
Translation:
17.912 Photos: Carrefour Photo Library, Lionel Barbe, Pascal Dolémieux / La Company, Christophe Gay / Skyzone, Michel Labelle, Christine
Lagazeta / Rapho, Gilles Leimdorfer / Interlinks Image / Rapho, Jean-Erick Pasquier / Rapho, Pierre Troyanowsky, all rights reserved –
p. 14-15: Getty Images / Image Source – p. 38-39: Getty Images / Daniel Beltra.
million sq.m of sales area Paper: The Carrefour Group is committed to the responsible management of its paper sourcing. The paper used in the 2008 Annual Report is
certified FSC (Forest Stewardship Council). This certification ensures compliance with a series of forest management principles and criteria
recognised worldwide. The FSC’s objective is to promote environmentally friendly, socially beneficial and economically viable management
of the planet’s forests.
Printing: This document was printed by Réalgraphic, which is certified FSC and ISO 14001 Environmental Management System (EMS). Réalgraphic
also carries the Imprim’Vert® label, which meets the requirements for hazardous waste management, secure storage of hazardous materials
and avoidance of toxic products.
CARREFOUR_RA_COUV_UK_V2.indd 2 1/07/09 13:57:41
3. THE CARREFOUR GROUP
IN 2008
Figures by format (at 31 December 2008)
Stores Employees
Hypermarkets 1,302 329,905
Supermarkets 2,919 85,369
Hard Discount 6,252 52,380
Others 4,957 27,633
Incl. Convenience 4,813
Cash & Carry 144
Total 15,430 495,287
Breakdown of sales
(incl. Tax, under Group banners)
by format (in %)
59.0 Hypermarkets 10.2 Hard Discount
23.6 Supermarkets 7.2 Convenience,
Cash & Carry and
other activities
Breakdown of sales
(incl. Tax, under Group banners)
by geographic region (in %)
43.4 France 11.1 America
39.1 Europe 6.4 Asia
(excl. France)
RA-2008-marque-page_UK_V1.indd 1 1/07/09 14:02:38
4. AN INTERNATIONAL,
MULTI-FORMAT GROUP
OPERATING IN 31 COUNTRIES
AT 31 DECEMBER 2008
an rs l.
tes
c h ne nc
ge at
e x an s i
ra
ur in
s
nt b le
s o n n ax
re
ta er sa
f e ers
on a . t
to
os
illi r b cl
fs
ns nd in
t
m nde s in
en
ee f
ko
oy o
co x u th
m
s
pl ber
ta ow
u ale
or
ta of
ish
FRANCE
tw
Gr
em um
es ear
S
bl
Ne
N
Y
Total France 1963 131,976 47,119 1.4 5,517
EUROPE (excl. France)
Belgium 2000 16,276 5,269 – 1.9 627
Bulgaria* 81
Spain 1973 68,314 15,527 5.3 3,073
Greece and Cyprus 1991 15,587 2,944 5.7 888
Italy 1993 25,486 7,806 0.5 1,608
Poland 1997 24,018 2,424 16.4 330
Portugal 1992 3,959 989 12.1 498
Romania 2001 10,333 1,190 51.5 41
Turkey 1993 10,011 1,641 6.6 760
Total 174,065 37,790 5.1 7,825
* Not opened at 31 December 2008.
LATIN AMERICA
Argentina 1982 24,818 2,647 38.8 589
Brazil 1975 65,517 8,218 25.9 536
Colombia 1998 9,085 1,228 18.6 59
Total 99,420 12,094 27.6 1,184
ASIA
China 1995 56,721 3,464 14.5 456
Indonesia 1998 9,987 893 31.8 73
Malaysia 1994 3,629 326 20.4 16
Singapore 1997 556 94 – 1.4 2
Taiwan 1989 11,773 1,361 1.0 59
Thailand 1996 7,160 584 12.2 31
Total 89,826 6,721 13.4 637
PARTNERs - franchisees and licensees
Saudi Arabia 2004 9
Bahrain 2008 1
Belgium 2000 65
French Overseas
departments
and territories 1988 111
Egypt 2002 4
United Arab Emirates 1995 13
Japan* 2005 7
Jordan 2007 1
Kuwait 2007 1
Oman 2000 2
Qatar 2000 3
Dominican Republic 2000 1
Slovakia 2008 4
Tunisia 2001 45
Total 4,905 16.1 267
Group Total 495,287 108,629 6.5 15,430
* Partner - licensee.
RA-2008-marque-page_UK_V1.indd 2 1/07/09 14:02:38
6. 2 carrefour group
CARREFOUR_RA_2009_UK_01-56_V2.indd 2 1/07/09 20:47:31
7. MESSAGE FROM AMAURY DE SEZE
CHAIRMAN OF THE BOARD OF DIRECTORS
Carrefour, which pioneered the hypermarket and has become the
sector leader and most international of retailers, has seen its leading
position challenged in its own country over the past few years.
Your Board responded by adopting a new governance structure, which
you approved last July, and appointing a new Chief Executive Officer,
Lars Olofsson.
Mr Olofsson analyzed the situation and developed a strategy fully
supported by the Board. He has an excellent understanding of the
market and customers, combined with credibility, legitimacy, authority,
the confidence of his teams, and our unwavering confidence.
I h a ve n o d o u bt t h a t t h e re s p o n s i ve n e s s , co m m i t m e nt a n d
professionalism of all Group employees will further the hard work
already undertaken. We are taking the necessary measures to ensure
that our customers enjoy their shopping experience in each of our
stores.
In the difficult climate in which we are operating, we have a long
journey ahead of us. But the captain will steer a steady course and all
our efforts will pay off in the end.
Carrefour will again create strong value and, I am convinced, lasting
value for all of its shareholders.
Amaury de Seze,
Chairman of the Board of Directors.
2008 ANNUAL REPORT 3
CARREFOUR_RA_2009_UK_01-56_V2.indd 3 1/07/09 20:47:32
8. “WE MUST REGAIN
OUR LEADING POSITION
AND REACH THE SAME
LEVELS OF GROWTH
AND PROFITABILITY
AS THE BEST PLAYERS.
TO DO SO,
WE NEED TO BE
STRONG IN OUR
HOME MARKET.”
4 carrefour group
CARREFOUR_RA_2009_UK_01-56_V2.indd 4 1/07/09 20:47:37
9. OUR AMBITION:
MAKE CARREFOUR
THE PREFERRED RETAILER
INTERVIEW WITH LARS OLOFSSON
CHIEF EXECUTIVE OFFICER
What is your assessment of the Carrefour Group since Your analysis is clear. What is your ambition for the
becoming CEO? Carrefour Group and what strategic directions are you
taking?
The Carrefour Group is one of the world’s best retail companies and I’m
proud to be part of it. Of course, my role as CEO is to analyze the Group’s Carrefour must become the preferred retailer. That’s a powerful ambition,
real strengths — those we must capitalise on — and to understand the and one I share with Carrefour’s management. Of course, I also want to
challenges confronting us. I believe Carrefour has many strengths. First improve our performance, which requires two key objectives: growth and
and foremost, I have found passion, energy and a winning spirit among improvement of our margins. By way of comparison, we grew by some
the women and men of the Group. That is a decisive asset for meeting 6% over the past three to four years, while the industry’s top players
the challenges we face. Next, Carrefour is the most global of retailers, performed better.
with an unrivalled talent for localization. Carrefour is also an internationally
recognized brand and a major player in the hypermarket, supermarket, To succeed, we have identified three strategic levers in conjunction with
convenience store and hard discount segments — an extraordinary the Group’s Executive Committee. These levers, shared by all within the
advantage for reaching all types of customers. Lastly, and I want to Group, are being transformed into action plans.
emphasise this, the Group’s balance sheet is healthy and robust. We
have the financial resources to support our goals, which opens up many The first lever consists in developing a true client-oriented culture. It is one
opportunities. of the brand’s founding principles, but it has slipped away over the years.
We are quickly returning to that principle by placing our focus squarely
My analysis would not be complete if I did not address the challenges on customers — both to attract and retain them.
Carrefour is currently confronting. We are facing many challenges that The second strategic lever concerns our transformation. How can we
we must confidently take up. work more effectively together, how can we move forward while being
more responsive, and how can we improve the way we share knowledge?
We must regain our leading position and reach the same levels of growth While visiting the various countries where Carrefour is present, I discovered
and profitability as the best players. To do so, we need to be strong in that good local practices often never made it beyond the country’s
our home market. borders. It is vital to improve on that point and optimise our operations,
With regard to the retail business, we need to reinvigorate our thus giving us more leeway to reinvest in retail. By doing so, we will improve
hypermarkets, especially in France and Western Europe, and re-position our profitability and competitive advantage.
our price image. To become more competitive, the brand must The third lever is innovation. Carrefour has lost the initiative in recent years.
spearhead an effort to stand out from the crowd and win and retain To regain our competitive edge and leadership position, especially in
customers. To that end, we have to streamline the Group, making it more France, we plan to develop new products and services under our own
responsive and more focused on customers and services, and develop brand so that we can offer our customers a whole new experience in our
a certain agility. stores.
2008 ANNUAL REPORT 5
CARREFOUR_RA_2009_UK_01-56_V2.indd 5 1/07/09 20:47:37
10. “WHEN YOU’RE
A RETAILER, ACTIONS
SPEAK LOUDER
THAN WORDS.”
need to reinvent it and seek a new raison d’être by rethinking our stores’
size and offering, particularly in the non-food area, and the attractiveness
“Becoming the preferred retailer”: of their sites. I don’t subscribe to any dogmas — or taboos — about how
what does that mean in concrete terms? to reinvent hypermarkets. We must keep customers foremost in mind;
it is they who will shape the hypermarket of tomorrow.
The preferred retailer means the place where customers like to shop
because they trust the quality of its products, services and prices. The
preferred retailer can anticipate what the clients want and can offer The economic crisis is having an impact on purchasing
them the best promotional offers. It’s no longer enough to meet power and driving customers to discount chains.
consumer needs; you have to wow and delight them. Carrefour wants Can Carrefour compete?
to motivate its customers to come and to keep coming back to all of its
store formats in every country. To delight our clients, we first have to know As I said before, Carrefour does not have a good price image, but, that
them well. The Carrefour loyalty card is an extraordinary tool for that image is certainly misleading. Carrefour suffers from a real mismatch
purpose. With 12 million cardholders in France, for example, we have between its actual prices, which are often among the best in the market,
access to a massive amount of valuable information that allows us to and its perceived price image. It is vital that the Group immediately
identify our customers’ expectations. And we plan to use it with much regain control of the message on this issue. To do so, we plan to conduct
greater precision. communications, in-store and advertising campaigns about our prices
Being the preferred retailer also means making a commitment to all of and promotions. Another way of being competitive is to offer our own
our stakeholders. In other words, the preferred retailer is a company that brand at appropriate prices. A new discount range of own-brand
respects production chains and the environment, a retailer whose products will appear on shelves by this summer. And lastly, let’s not forget
socially-responsible behaviour changes the equation everywhere it that the Carrefour Group is an important player in the convenience
operates, and an employer that gains its staff’s loyalty and attracts the discount segment, with its Dia and Ed banners. We intend to expand this
best employees, who are proud to work there. All these commitments format and regain the initiative in France as we have successfully done
nourish the Carrefour brand’s image and contribute to fostering the in other countries, particularly Spain.
Group’s growth.
Operating on a global scale is a major asset for the
Carrefour Group. Which countries will be key to its
Can customers still be delighted with the hypermarket growth?
model?
My absolute priority is France. It alone accounts for 44% of the Group’s sales
Hyperconsumption may be over, but consumption in hypermarkets is and is Carrefour’s core region. And that is where Carrefour has to regain
certainly not. In many countries, the hypermarket remains a flourishing its leading position. How? By accelerating the convergence of banners
format. In France, Carrefour hypermarkets attract a million customers under the Carrefour brand, reinventing our hypermarkets, revitalizing
every day. This business model isn’t outdated, but it’s true that in Western our hard discount stores, because they meet consumer needs, and
Europe it’s more affected by changing consumption trends. We thus revamping our price image. Our second priority is the “G4” — the three
6 carrefour group
CARREFOUR_RA_2009_UK_01-56_V2.indd 6 1/07/09 20:47:43
11. “WE MUST KEEP CUSTOMERS FOREMOST IN MIND;
IT IS THEY WHO WILL SHAPE THE HYPERMARKET OF TOMORROW.”
Western European countries that, combined with France, make up 28% What will be the keys to success in 2009
of our sales: Spain, Italy and Belgium. In Belgium and Italy, growth and and over the long term?
profitability are both stagnant. We must be decisive, starting with giving
ourselves the resources we need to improve our performance. The third When you’re a retailer, actions speak louder than words. And I personally,
priority is to seek growth in high-potential markets. We will continue together with the Executive Committee, will ensure month by month
expanding in Brazil and China, where we plan to open over 180 stores in that we are following our objectives as we implement our strategy and
2009. Furthermore, we intend to open our first hypermarket in Russia this action plans. I will also make sure that these initiatives are assigned
year and enter the Indian market with our Cash&Carry format in late 2009 to our best people, the women and men at Carrefour who can improve
or early 2010. our company’s performance. Our success will depend on the good
execution of our strategy and action plans, and on the determination
and alignment of all our teams. I know that many of our employees
What are your operating priorities for 2009? share my excitement about this mission. The teams are passionate,
which gives me great confidence in my ambitions for Carrefour.
Our course is set. In 2009, we are tailoring our plan to the current
economic climate because the year may not be easy. For that reason,
we have three top priorities: customers, costs and cash. In this Let’s look ahead. What would you like people to be
environment, we must, more than ever, have a close relationship with saying about Carrefour in one or two years?
our customers. We plan to invest €600 million in our retail business, in our
price competitiveness, including its promotion to customers, and in our That the Carrefour Group has successfully rebounded and is on the road
Carrefour brand offering, with a 40% increase in products. That is our to growth and profitability. That Carrefour employees are proud to be
strategy for gaining market share. At the same time, we intend to reduce participating in this new phase of the company’s development. That
our operating costs by €500 million as part of our transformation plan. the Carrefour brand is meeting consumer demand ahead of the curve
That means we’ll save three times more than we did in 2008, and the and is a leader in socially-responsible commerce. That our banners
savings should increase over time to ensure our competitive advantage make life easier like none other. And that Carrefour is the preferred
and improve our profitability. We will continue to generate cash through retailer of each and every Carrefour customer!
sound management, particularly by reducing our stock levels from 37
to 35 days to free up the resources we need for growth. Our 2009
objectives are clear, but I will remain vigilant and ready to respond as
the situation demands.
2008 ANNUAL REPORT 7
CARREFOUR_RA_2009_UK_01-56_V2.indd 7 1/07/09 20:47:57
12. 8 carrefour group
CARREFOUR_RA_2009_UK_01-56_V2.indd 8 1/07/09 20:48:06
13. At the heart
of year 2008
While the economy turned in a mixed performance in 2008,
t h e Ca r refo u r Gro u p ex h i b ite d g oo d re s i l i e n ce,
demonstrating the soundness of its fundamentals and an
ability to plan ahead.
2008 ANNUAL REPORT 9
CARREFOUR_RA_2009_UK_01-56_V2.indd 9 1/07/09 20:48:12
14. Financial overview
2008 was a year of contrasts. Among the key results:
s
ales growth of 6.4% at constant exchange rates;
In an environment characterized a
strengthened balance sheet and a free cash flow of €1.9 billion;
by a widespread slowdown in 1
.3 million sq.m of new sales area opened;
€
150 million of cost savings recorded, mainly during the second half of the year, higher than
economic growth in the fourth the €100 million initially projected.
quarter in most markets, and falling
The activity contribution grew slightly — by 0.3% — due to a lower margin from current
inflation in the food sector over the operations, reflecting the Group’s commitment to be more competitive, as well as cost savings
course of the year, the Carrefour that helped Carrefour weather the business downturn of 2008.
Group posted a solid performance. The net income, Group share, declined by 32.8%, affected by non-recurring expenses totalling
€524 million, including €396 million for impairment charges.
Lastly, the Group enjoys a solid balance sheet and liquidity position, supported by high free
cash flow, which strengthens the Group’s financial leeway for the future.
CONSOLIDATED ACTIVITY CONTRIBUTION ACTIVITY CONTRIBUTION
NET SALES BEFORE DEPRECIATION (in millions of euros)
(in millions of euros) AND AMORTIZATION
(in millions of euros)
86,967 5,161 3,300
76,887 82,148 4,740 5,014 3,152 3,183 3,291
73,060 4,582
2005 2006 2007 2008 2005 2006 2007 2008 2005 2006 2007 2008
In 2008, the Group’s consolidated sales The Group activity contribution before The activity contribution stood at €3.3 billion,
grew by 6.4% at constant exchange rates depreciation and amortization (ACDA) a slight 0.3% rise over 2007. Growth in Latin
(of which 4.5% were organic) and by 5.9% increased by 2.9%, a lower rate than last America and Asia offset the downturn
87
at current exchange rates. year, mainly due to the 30 basis-point drop in France and Europe.
Sales in France rose by 0.9%. Supermarkets in the margin from current operations The activity contribution in France, down
e billion
and convenience formats performed well, to 22.4%. by 3%, weathered a difficult economic
Consolidated while hyper markets experienced a The margin from current operations climate due to cost savings that
net sales slowdown, mainly due to lower non-food declined, particularly in France, as a result compensated for the year’s lack of sales
sales. Sales in Europe rose by 5.1% at of promotional expenditures. This decrease growth. In Europe, the activity contribution
current exchange rates. In Latin America, was partially offset by the greater fell by 5.1% as cost savings did not entirely
sales increased by 27.9%, with solid growth contribution of own-brand food products. offset the negative impact of the severe
in Brazil and Argentina. With sales up by Internationally, the margin from current slowdown in sales recorded at year-end
10.9% at current exchange rates (+13.3% operations fell slightly, reflecting the 2008. In Latin America, strict cost controls
at constant exchange rates), Carrefour Group’s commitment to be more led to a 31.1% increase in the activity
Activity
had a satisfactory year in Asia despite a competitive and the growing contribution contribution. Lastly, in Asia, the activity
contribution:
marked slowdown in most of the region’s of Atacadao. contribution rose by 10.9%, largely due to
e 3,300 million
countries at the end of the year. The Group’s ratio of distribution costs
remained stable in 2008.
an improved ratio of distribution costs in
the region compared to 2007.
The 2008 financial statements are presented in accordance with IFRS principles.
10 carrefour group
CARREFOUR_RA_2009_UK_01-56_V2.indd 10 1/07/09 20:48:14
15. At the heart of year 2008 nnn
BREAKDOWN OF CONSOLIDATED BREAKDOWN OF CONSOLIDATED BREAKDOWN OF ACTIVITY
NET SALES BY GEOGRAPHIC REGION NET SALES BY FORMAT CONTRIBUTION BY
GEOGRAPHIC REGION
44% 12% 57% 10% 46% 12%
France The Americas Hypermarkets Hard discount France The Americas
37% 7% 17% 16% 35% 7%
Europe Asia Supermarkets Other stores Europe Asia
(excl. France) (excl. France)
TOTAL: €86,967M TOTAL: E86,967M TOTAL: E3,300M
RATIO OF NET FINANCIAL DEBT NET INCOME FROM RECURRING NET INCOME FROM RECURRING
(as a percentage OPERATIONS, GROUP SHARE OPERATIONS PER SHARE
of shareholder’s equity) (in millions of euros) (in euros)
72% 2.64* 2.67
63% 61% 1,856 1,868 2.58*
60% 1,797
1.83
1,256
Debt:
9.2x
2005 2006 2007 2008 2005 2006 2007 2008 2005 2006 2007 2008 = ACDA / financial
costs
Net debt stood at €6,652 million at year- Net income from recurring operations, Net income from recurring operations
end, lower than the €7,357 million Group share, declined by 32.8%, affected per share was €1.83, down 31.5% from
recorded at year-end 2007. by non-recurring expenses of €524 million year-end 2007.
1,256
In 2008, the ratio of net financial debt to (of which €396 million were impairment The Group’s net income per share, taking
shareholders’ equity improved slightly, charges). into account the proceeds from
e million
from 63% in 2007 to 61% in 2008. The increase in financial expenses to operations that were sold or are in the
Financial expenses increased by 6.9% €562 million (+6.9%) also had an impact process of being sold, came to €1.85 in Net income
over the year, while coverage of financial on this result. Lastly, the taxation rate rose 2008 versus €3.28 in 2007. from recurring
expenses totalled 9.2X in 2008 compared from 28.7% in 2007 to 33.6% in 2008. operations -
to 9.5X in 2007. Group share
The cash flow to net debt ratio also
improved, rising to 60.3% from 53.2% the
previous year.
* Net income from recurring operations per share
1.83
The Group’s liquidity position is solid, with
published in 2005 and 2006.
€3 billion in unconditional, undrawn
e
syndicated loans and no obligation to
refinance at maturity before May 2010. Net income
from recurring
operations
per share
2008 ANNUAL REPORT 11
CARREFOUR_RA_2009_UK_01-56_V2.indd 11 1/07/09 20:48:22
16. Stock market overview
Carrefour is listed on the Eurolist of the Paris Euronext Exchange (Compartment A – ISIN
code: FR0000120172). Carrefour is eligible for the SRD (Deferred Payment Service).
It is included in the following indices: CAC 40, SBF 120, FTSE 100 and DJ Euro Stoxx 50.
At 31 December 2008, the share was in 10th position in the CAC 40 index in terms
of market capitalization, with a weighting of 2.96%.
CAPITAL
At 31 December 2008, Carrefour’s equity capital totalled 1,762,256,790 euros.
This was made up of 704,902,716 shares with a par value of 2.50 euros and remained unchanged
from 31 December 2007.
10th
Number of Number Number of
Shareholders In% of ordinary In% extraordinary In%
shares voting rights voting rights
Blue Capital 75,326,258 10.69% 75,326,258 10.27% 75,326,258 10.27%
POSITION
IN THE Blue Partner Sarl 15,166,770 2.15% 15,166,770 2.07% 15,166,770 2.07%
CAC 40 INDEX
Groupe Arnault SAS* 5,000,000 0.71% 5,000,000 0.68% 5,000,000 0.68%
Employees 7,421,440 1.05% 14,809,440 2.02% 14,809,440 2.02%
704,902,716 Shares owned
Controlled shares
19,325,573
–
2.74%
–
–
–
–
–
–
–
–
–
SHARES
Public 582,662,675 82.66% 623,035,364 84.96% 623,035,364 84.96%
Total 704,902,716 100.00% 733,337,832 100.00% 733,337,832 100.00%
* Related stock options in accordance with article L, 233-9 4 o of the French Commercial Code.
Under the terms of a letter dated 13 February 2009, the Company was informed that on 9 February, Blue Partners
had transferred its shareholdings to Colony Blue Investor, which is now acting in concert with Blue Capital
and Groupe Arnault SAS.
CARREFOUR STOCK
CALENDAR In euros 2005 2006 2007 2008
Quoted price: highest 41.75 51.15 58.10 52.52
FINANCIAL INFORMATION
lowest 35.36 38.10 42.95 24.68
28 April 2009
Annual Shareholders’ Meeting On 31 December 39.58 45.94 53.29 27.52
Number of shares on
7 May 2009 31 December
704,902,716 704,902,716 704,902,716 704,902,716
Payment of dividend*
Market capitalization on
27.9 32.4 37.6 19.4
16 July 2009 31 December (in billions of euros)
Publication of second quarter 2009
Average daily volume 2,613,756 3,117,619 4,337,998 4,168,131
28 August 2009
Net income per share from
2009 half-yearly results 2.58 2.64 2.67 1.83
recurring operations
15 October 2009 Net dividend 1.00 1.03 1.08 1.08*
Publication of third quarter 2009
Yield 2.53% 2.24% 2.03% 3.92%
*Subject to the approval of the shareholders at their Annual Meeting on 28 April 2009.
12 carrefour group
CARREFOUR_RA_2009_UK_01-56_V2.indd 12 1/07/09 20:48:22
17. At the heart of year 2008 nnn
SHAREHOLDER INFORMATION
MEETINGS
Carrefour Group shareholders have access to transparent, accurate and regularly updated
information through: Annual Shareholders’
Meeting
A telephone number for shareholders This is a special gathering of managers
By dialling + 33 (0) 1 55 63 39 00, shareholders have access to the following information: and shareholders that provides a good
Group news; opportunity to learn more about
the share price, its movement and that of the CAC 40; Carrefour’s activities, results and outlook.
the calendar of meetings and financial publications; For those unable to attend, the Annual
p
ractical information about registered shares and their advantages, ordering corporate Shareholders’ Meeting is broadcast live,
documents, and useful telephone numbers; then as a webcast, on the Group’s
the Group’s strategy and outlook, by contacting the Shareholders Relations department. corporate website at
www.groupecarrefour.com.
Letter to Shareholders
The Letter to Shareholders is sent twice a year to all registered and bearer shareholders Exhibitions
who request it. Carrefour has been participating in the
Paris Actionaria Exhibition for the past
Shareholder’s Guide eight years. Staff members are present
Contains a company profile as well as share management information and guidelines. both days to answer any questions
visitors may have.
Website
Carrefour’s corporate site, w w w.groupecarrefour.com, has a section dedicated to Shareholders’ meetings
shareholders under “Finance”. Carrefour’s managers regularly meet
with shareholders to present the Group’s
Shareholders’ e-mail alert strategy and results.
S ha reholders who reg i ster at the “S ha reholders” corner of the Ca rrefour web s ite, A schedule of upcoming meetings can
www.groupecarrefour.com, are informed by e-mail upon publication of the Group’s financial be found on the Group’s website,
reports. www.groupecarrefour.com, in the
“Finance/Shareholders” corner.
SHARE price movements
Share price movements in 2008 compared with the CAC 40 index and with the BEFOODR
contacts
index* (basis 100)
Carrefour Group
Investor Relations
26, quai Michelet - TSA 20016
92695 Levallois-Perret Cedex
95 Tel.: + 33 (0) 1 55 63 39 00
investisseurs@carrefour.com
85 Carrefour Group
Shareholder Relations
26, quai Michelet - TSA 20016
75 92695 Levallois-Perret Cedex
Tel.: + 33 (0) 1 55 63 39 00
actionnaires@carrefour.com
65
62.53
Registered shareholders -
57.98 CACEIS
55
Corporate Trust - Investor Relations
52.40
Service Émetteurs - Assemblées
14, rue Rouget de Lisle
45
92862 Issy-les-Moulineaux Cedex 09
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec.
Tel.: + 33 (0) 1 57 78 34 44
Fax: + 33 (0) 1 49 08 05 80
Carrefour BEFOODR CAC 40
ct-contact@caceis.com
* The BEFOODR index includes: Carrefour, Casino, Colruyt, Delhaize, Sainsbury, Ahold, Metro AG, Wm Morrison and Tesco.
2008 ANNUAL REPORT 13
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18. 14 carrefour group
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19. At the heart
of our
customers’ lives
Today’s customers expect an attractive store, good things
to buy and good value for their money. Shrinking budgets
do not mean shrinking consumer desire. The Carrefour
Group is making every effort to please its customers, tailoring
its store formats to their lifestyles and its products and services
to their desires, enhancing customer service and improving
its promotional policy worldwide for one reason only:
to become their preferred retailer.
2008 ANNUAL REPORT 15
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20. WINNING THE HEART
OF EACH AND EVERY
CUSTOMER
In every country of operation STORES FOR EVERYONE
and every store format, the At year-end 2008, the Carrefour Group operated over 15,000 stores in 31 countries. In 2008,
Carrefour Group is counting it opened or acquired a total of 1,191 new banner stores, creating over 1.3 million sq.m of sales
area and extending its modern concepts, wide-ranging offering and competitive prices to
on innovative offerings and more consumers. At a time of economic difficulty in France and Europe, the Group showed
affordable prices to conquer, good resilience, demonstrating the ability of its multiformat model to satisfy all needs and
budgets. In Latin America, Carrefour’s dynamic performance reflects the confidence it has
or reconquer, the hearts earned from customers over the years. Sales on the continent rose by 31% at constant exchange
of all its customers. rates. Brazil ranked third in terms of the Group’s activity contribution, behind France and Spain.
In Asia, despite a downturn in all of the region’s countries at year-end, sales rose by 13.3% at
constant exchange rates. China was the 5th largest contributor, with an upturn of more than
30% in its activity contribution. The vitality of these high-growth markets* can also be measured
by the opening of new stores. In 2008, these markets accounted for more than two-thirds
of Carrefour’s new sales area worldwide.
ENHANCED PURCHASING EXPERIENCE
To keep our customers delighted and satisfied, Carrefour banners have been developing
innovative store layouts, products and services. In Bogotá, the Santa Ana store has been
testing “trend” corners with specific themes, such as apparel and multimedia, in a more user-
friendly environment for the local clientele. Greece has been crafting new business concepts
in the “bazaar” department in the form of demonstration areas that alternate various seasonal
1,191
offers. Focused on the customer and the Carrefour brand, Turkey opened a hypermarket
“mock-up” that has been a big success with consumers. The store features easier access to
the different departments, appealing sections, a larger selection and an enhanced customer
loyalty programme. Argentina is offering customers the first Carrefour pharmacy and optical
centre, two more services to make life easier.
NEW STORES
WORLDWIDE
IN 2008 * High-growth markets: markets outside France, Spain, Italy and Belgium.
16 carrefour group
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21. At the heart of our customers’ lives nnn
ATTRACTIVE PRICE POLICY
OPEN
In a period of economic uncertainty, customers are more sensitive to low prices than ever
before. Message received: the banners are intensifying their promotional campaigns.
In France, purchasing power is the focal point of marketing efforts, especially in hypermarkets.
Elsewhere in Europe, the banners are going back to the low-price basics. In Turkey, Carrefour
SA has launched the “Shielding the family budget” campaign, which aims to stabilize the
price of own-brand products for three months. Major campaigns are also being conducted
in growth markets. In Colombia, the “Garantia del Precio mas Bajo” (Lowest Price Guarantee)
campaign has been revived in hypermarkets, with highly visible signage, conveying
the message that Carrefour pays close attention to its customers’ needs. And to celebrate
its 10 years of business in Colombia, an anniversary campaign is offering additional attractive
promotions.
WEB
The Carrefour brand is growing stronger online as well. To boost customer satisfaction The world of Carrefour
in its home market, in 2008 Carrefour launched a new, single portal, Carrefour.fr, for all its Through organic growth, increased
e-commerce sites: Ooshop for food and CarrefourOnline for non-food items. These sites are franchising and tactical acquisitions,
coming up with innovative ideas under the Carrefour brand. Ooshop opened in eight new such as Alfa Retailindo in Indonesia,
cities in 2008 and now serves 24 areas. More than 8,000 new items have been added to its the Carrefour Group is expanding its
assortment. As well as becoming more user-friendly, CarrefourOnline expanded its offering business and winning new customers
and carried out successful promotional campaigns, such as stock clearance, flash sales every year in its various markets. In 2008,
and private sales. In Spain, Carrefour.es has become an e-commerce leader. Its food Carrefour opened 22 hypermarkets in
website attracted 20% more customers in 2008, largely because it expanded to six new China at the rate of nearly one every
cities, with a range of products specifically adapted to its various customer categories. two weeks. In 2009, Bulgaria opened
With regard to non-food items, the site, which provides home delivery throughout Spain, its first store and Russia will inaugurate
doubled its sales and increased its customer base by 50%. its first Carrefour hypermarket.
2008 ANNUAL REPORT 17
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22. DELIGHTING IN THE
CARREFOUR BRAND
Committed to making APPROACHING OUR 50TH YEAR IN BUSINESS
customers’ daily lives more The Carrefour brand took flight in 1963 with the creation of the hypermarket, a concept
enjoyable and offering them designed for the full satisfaction of customers, who found “everything under the same roof”
for the very first time. The banner brand would go on to become a recognized product brand
the best prices, the Carrefour after the launch of “unbranded goods” in 1976, before making its appearance on store shelves
brand continues to pursue in 1985 with Carrefour-brand items. Since then, the brand has never stopped growing in France
and abroad in terms of both products and services. Insurance, financial, travel, ticketing
growth at Group level. and mobile phone services now all carry the Carrefour brand — joined in 2008 by Video on
Demand in France, Spain and Belgium. In Poland, the new Carrefour Mova mobile phone
debuted this year. It is the least expensive on the market, and users receive free minutes
in exchange for purchases at any Carrefour or Carrefour Express store in the country. In Italy,
the over-the-counter pharmacy department is growing, with two new openings in addition to
the 20 or so hypermarkets that already have such departments. Carrefour customers can find
over-the-counter drugs and ask pharmacists for advice.
AT THE HEART OF CUSTOMER RELATIONS
The Carrefour brand is synonymous with quality, choice, modern living and low prices.
In France, it boasts over 20,000 items, including 4,000 developed between 2005 and 2008
in every product range, including Carrefour Sélection, AGIR Bio, Kids and Tex. The Carrefour
brand, 15% to 30% less expensive than national brands, is popular with customers at a time
of reduced purchasing power. It represents nearly 30% of hypermarket food sales and 9 out
of 10 customers leave the store with at least one Carrefour product. The Carrefour brand also
means being rewarded for loyalty. In France, over 12 million households have a Carrefour
loyalty card, which provides benefits valid at all Carrefour retailers. For the third consecutive
year, French consumers rated the card as their favourite loyalty programme, according
to market research conducted by TNS Sofres. In Greece and Italy, too, loyal customers can
now use their card at all Carrefour stores.
A potential to develop
Ranked as the top performing food retail brand in Europe by Interbrand in 2008, Carrefour
enjoys a high potential for growth. The Group’s ambition is two-fold: base the Carrefour brand
on the values of affinity and of growth. To be closer to its customers, the Carrefour brand
is focusing on customized shopping solutions, from convenience stores to hypermarkets.
To be more welcoming, the Carrefour brand is providing new services tailored to consumer
lifestyles, improving the quality of customer service and customizing relations with shoppers.
To be more attractive, it is developing a more innovative offering and clarifying its price policy.
And to capitalize on its new assets, the Group is bringing together more store formats under
the Carrefour name. With this strategy, combined with high-quality and low-priced products
and services, the Carrefour brand is winning the lasting confidence of its customers.
18 carrefour group
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23. 12 MILLION LOYALTY
CARDHOLDERS IN FRANCE
exemplary
Argentina: 100% Carrefour
In July 2008, Carrefour Argentina
put the finishing touches on its switch
to a new banner. After an 18-month
transformation, 117 of the country’s
stores came under the Carrefour name,
which now represents over 200,000 sq.m
of sales area. With a range of formats,
including traditional and mini
hypermarkets and Carrefour Express
supermarkets, Carrefour Argentina
illustrates the single-brand and
multiformat strategy the Group
is conducting in France and abroad.
This strategy enables Carrefour
Argentina to consolidate its leading
position in the retail market and
win over consumers. The results are in:
sales rose significantly in the renovated
stores in 2008.
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24. 20 carrefour group
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25. At the heart
of the city
Large cities, villages, city centres and suburbs are all places
where consumers go to shop. And Carrefour stores are sure
to be in every location. By reinventing its hypermarkets,
offering its own brand in supermarkets, and creating
the convenience and hard discount stores of tomorrow,
the Carrefour Group wants more than ever to be in the
pulsing heart of the city and meet the needs of its customers
at all times.
2008 ANNUAL REPORT 21
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26. HYPERMARKETS
AT THE DAWN
OF A NEW ERA
Customers seek good selection, HUMAN-SCALE HYPERMARKETS
prices and quality as well as The world leader in the hypermarket segment with 1,302 stores, the Carrefour Group continually
faster shopping in a simple, adapts its store formats to the lifestyles of its customers. To create a more pleasurable shopping
experience, the hypermarkets are becoming more compact. Internationally, the average size
friendly environment. Carrefour of a new hypermarket in 2008 equalled 5,400 sq.m, just two-thirds the size of a store opened
hypermarkets have entered the in 2004. In many cases, the growth format may even be 3,000 sq.m to match as closely
as possible the needs of each trading area. In these compact formats, Carrefour is expanding
era of customized services and its offering to remain faithful to the hypermarket concept. Countries like Colombia, Thailand,
are poised to conquer Taiwan, Poland, Spain and Romania have been pioneers in this area. In Bogotá, for example,
Carrefour opened two hypermarkets with less than 2,600 sq.m of sales area. In Taiwan,
new markets. Carrefour’s growth is being driven by compact and mini formats, some of which are located
in shopping malls and offer a wide array of services and leisure activities.
IN SYNC WITH LOCAL LIFE
Carrefour Group banners are developing with their customers’ needs at the top of the list,
a s evidenced by B razil’s Atacadao, a store concept with a focu s on low prices.
At year-end 2008, Carrefour Brazil had 48 Atacadao stores, up from 34 in 2007, and recorded
two-figure sales growth year-on-year. In Colombia, the “Tintalito” stores offer affordable and
modern consumer products to customers with modest incomes at the best prices and quality.
1
PLEASURE AND CHOICE
Entering a Carrefour hypermarket means being greeted by an affordable array of quality
MILLION CUSTOMERS products. From indulgences to practical items, the shelves are continually being replenished
with new products and services. With more than 3,000 Carrefour-brand products, the Carrefour
A DAY SHOP hypermarkets in Thailand satisfy every family need. The Carrefour Premium range is designed
for those who want only the best. The mid-range Carrefour assortment offers products of
IN HYPERMARKETS name-brand quality at very affordable prices. The Big Saver range guarantees “great savings”
on staple products. Hypermarkets are expanding their apparel and home decoration
IN FRANCE ranges. In Colombia, the Tex brand is modernizing its identity and image, offering clothing
22 carrefour group
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27. At the heart of the city nnn
COMMITTED
A boost to purchasing power
Since April 2008, Carrefour hypermarkets
in France have been promoting the
“Purchasing Power Plan”, offering
to reimburse the value-added tax
(VAT) on thousands of daily products
directly at checkout. In September,
Carrefour launched the “Month of Hyper
Purchasing Power”, which featured
deep-discounting promotions every
day, and kicked off the “Purchasing
Power Prices” campaign: 300 branded
products at low and frozen prices until
the end of 2008.
for all lifestyle needs, including urban, casual, sportswear and maternity lines. And to take
it a step further, Carrefour Colombia is testing computer-aided design to improve the in-store
display of clothing in three Bogotá hypermarkets. In home decoration, the “Casa Déco” line
is proving increasingly popular with customers. Stores in France added Carrefour Home to their
tableware collection and the brand launched the “Young Home” range, which targets people
living on their own for the first time.
Expert
48
Carrefour Property optimizes
Carrefour Property’s mission is to create
more attractive sites and adapt them
to their environment and customers’
lifestyles. In 2008, its experts initiated
preliminary research on Carrefour ATACADAO
hypermarkets in Europe and will
continue this research in 2009 to STORES IN BRAZIL
inform discussions on reinventing the
hypermarket model. The goal is to find
the right sales and profitability model
and adjust the sales area to the level of
local business. In Italy, for example, the
126
Romanina hypermarket was sized to a
more compact format (4,500 sq.m) and
one floor became a shopping arcade.
And in Chambourcy, France, the store
was redesigned and expanded at the
same location.
NEW HYPERMARKETS
WORLDWIDE
2008 ANNUAL REPORT 23
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28. SUPERMARKETS
UNDER THE CARREFOUR
BANNER
For customers of its 3,000 A DYNAMIC BRAND
supermarkets, the Group Throughout the world, the rollout of the Carrefour brand at supermarkets has been a real
is working faster to modernize success. The Champion and Norte stores that became Carrefour Express or Carrefour Bairro
in 2007 in Spain, Argentina and Brazil all saw sales climb in 2008. Spanish supermarkets, for
its stores and convert them example, increased their sales net of tax by 7.4% in 2008 based on comparable sales area.
to the Carrefour brand. Customers have had the same positive reaction in Romania, Turkey and Poland, where all
Ahold supermarkets have been converted to Carrefour Express, and in Indonesia, where
13 Alpha Retailindo stores have also switched to Carrefour Express.
In France, Champion became Carrefour Market after six months of market testing. On 25 June
2008, a phased rollout began, and by the end of December, 160 Carrefour Market stores
were already flourishing throughout France, including franchisees. The new Carrefour Market
recorded strong growth thanks to higher volumes and the assets of the Carrefour brand.
Elsewhere, Greece transformed its Champion stores into Carrefour Marinopoulos and Italy
opened the country’s first Carrefour Market in Milan. In Colombia, the Group announced in
September that it had purchased the Mercadefam supermarket chain, thereby becoming
No. 1 in its category in Santander State. It is also examining whether to convert its stores to the
Carrefour banner.
LOOKING AFTER OUR CUSTOMERS
At Carrefour Market in France, supermarket customers find a friendly staff and the modern
features of a Carrefour store. The assortment has been expanded by some 20% with Carrefour-
brand products and new non-food ranges, particularly apparel, culture and leisure, and
tableware. The new layout modernizes the retailer’s image and makes it easier for customers
to navigate the store and understand the product displays. Lastly, customer loyalty is better
rewarded. Customers can now take advantage of their Carrefour Card benefits throughout
the network — in supermarkets, hypermarkets and even in Carrefour Contact and Carrefour
City convenience stores undergoing testing.
24 carrefour group
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29. At the heart of the city nnn
more than
900
Carrefour
Market stores
at year-end
2009 in France
ALL NEW!
Carrefour products come
to Carrefour Marinopoulos
With the Champion Marinopoulos
changeover to the Carrefour
Marinopoulos banner, customers have
been discovering Carrefour products,
including mid-range Carrefour-brand
items, Carrefour Sélection in the gourmet
foods department, the Baby and Kids
lines, Light products for a healthy diet
and, of course, the Carrefour Agir range
of socially-responsible products.
Offered at the best prices, these items
round out the assortment of fresh foods
tailored to local tastes.
2008 ANNUAL REPORT 25
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30. HARD DISCOUNT:
LOW PRICES
YEAR-ROUND
During these tense economic HARD DISCOUNT FOR EVERYONE
times, customers are determined In 20 08, Dia, the Carrefour Group’s hard discount segment, proved that it is meeting
to make the most of their a real economic need in every country of operation: Spain, France (Ed banner), Portugal
(Minipreço), Greece, Turkey, Argentina, Brazil and China. The number of stores climbed by
purchasing power. The Carrefour 459 and now totals 6,252.
Group and its Hard Discount As the hard discount region par excellence with nearly 50% of the network, Spain posted
a solid performance. In 2008, sales incl. VAT rose by 16.2% . This performance can largely
banners continue to expand be attributed to the 183 “Supermercados Plus” stores that switched to the Dia banner following
access to consumer products by their acquisition from the German company, Tengelmann. In France, Carrefour pioneered
the hard discount concept in 1978 when it created the Ed banner, which now boasts
offering low prices all year long. more than 900 stores. The Group is planning to bring new energy to this format in response
to consumer demand.
TAKING A NEW LOOK AT DIA
The leading discount chain in Spain, Dia, must continually innovate to stay on top. In 2008,
Dia updated its image, adopting a more contemporary and customer-focused logo and
renaming its stores Dia Maxi and Dia Market. In addition to creating a more forceful identity,
Dia renovated store interiors to provide better customer service while maintaining the stores’
primary function. Dia Maxi offers a large number of non-food items in 1,200 sq.m stores.
Dia Market concentrates the most highly trafficked departments in 500 sq.m: self-service fruits,
vegetables, meat and fish as well as a variety of snacks. Overall, the 390 Dia Maxi and 278 Dia
Market stores that opened over the past two years have been successful on a daily basis.
LOYALTY PROGRAMME: NUMEROUS BENEFITS FOR CUSTOMERS
Spain launched the Club Dia loyalty programme in 1998 and since then over 14 million
households have signed up. At present, more than 9 million households in Spain, 2 million
in Portugal, 1.5 million in Greece and 1 million in Argentina are enjoying the advantages
offered by the programme, which will be gradually introduced in all of the Group’s countries
operating hard discount.
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