French retailer Carrefour SA opened its largest store in Asia on Friday [27 November 2015] in Beijing to cash in on the growing demand for imported food from medium- and high-end consumers, amid testing times for international retailers in China. The new outlet is located on the North Fourth Ring Road and is adjacent to Swedish home-furnishing retailer Ikea’s sprawling facility. The two-story hypermarket has more than 80 stores including fast fashion brand Uniqlo and C&A, sportswear retailer Decathlon, as well as the first Baidu Concept Store, an experience store for hardware products…Full Article: ECNS.cn Nov 2015
- Carrefour now has 20 hypermarket stores in Beijing and is constructing a logistics center in Tianjin.
- In January 2016, Carrefour plans to expand its e-commerce business.
- In March 2015, Carrefour was testing its “Carrefour Express” convenience store concept in Shanghai. The company also announced it would open 15 new Chinese hypermarkets in 2015.
- In 2014, Carrefour opened 11 new hypermarkets in China, but closed eight. The company also intends to renovate 75 hypermarkets in the future.
- In December 2013, Carrefour had 236 hypermarkets in 73 cities in mainland China and hoped to have stores in 100 cities by 2016.
- In 2012, Carrefour was the 4th largest (6.9% market share) hypermarket chain in China.
- Sun Art Retail Group Ltd. was the leader with a 13.6% market share. Sun Art Retail Group, a JV between Taiwan’s Ruentex Group and French retailer Groupe Auchan, overtook Wal Mart in 2010 and had 273 hypermarkets in China at the end of 2012.