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: Nov 2015

Key Point

  • 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.

ChinaAg Comments

  • 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.

Similar Posts by ChinaAg

Spread the word. Share this post!