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Carrefour SA, the world's second-largest retailer, said Friday it made a euro58 million ($82.75 million) loss in the first half, hit by a one-off charge writing down the value of Italian assets and as recession-shy shoppers cut back on spending.
French retailer Carrefour SA said Wednesday it is launching a new low-cost range of products to attract cost-conscious consumers hurt by the recession and to win market share on its home turf.
Police say calling cards bearing a skull and crossbones and a cryptic note have been found in the food sections of several Carrefour stores mainly in the Paris region.
Carrefour SA said Tuesday it will replace its chief executive with a former top manager at Switzerland's Nestle SA, the culmination of long-simmering tensions over the French retail giant's performance and strategy.
Protesters waved Chinese flags and shouted slogans outside Carrefour stores in Beijing and other cities Thursday, venting anger over the disruption of the Olympic torch relay. No violence was reported and police dispersed the gatherings.
A Chinese Internet campaign calling for a boycott of French retail giant Carrefour gained momentum Tuesday, part of a nationalistic counterattack against protests that marred the Beijing Olympics' torch relay in Paris, London and San Francisco earlier this month.
Carrefour Says French Embassy to Help Resolve Dispute Over Closed Market - The Jakarta Globe
Globe & Mail : Chinese caught in Olympic conundrumThe middle-aged woman with the shopping cart said she totally supported a boycott of the Carrefour supermarket chain to punish France for its protests against the Olympic torch. "The French are not friendly toward us," she complained.
France Tries to Limit Olympics Fallout with ChinaAfter a wave of anti-French protests in China, President Nicolas Sarkozy of France is sending three top officials there this week in a diplomatic charm offensive to limit the political and economic fallout from the controversy surrounding the preparations for the Beijing Olympic …
Anti-French rallies across ChinaProtesters in several Chinese cities have gathered to demand a boycott of French products and denounce campaigns for Tibetan independence.
Chinese vent anti-Western fury onlineA violent storm of nationalist indignation is roiling the Chinese internet, as bloggers vent their anger at perceived Western insults in the wake of the Tibetan uprising last month.
Carrefour confirms will not bid for Migros in TurkeyCarrefour too won't bid for Migros.
Consolidation is the new buzz in the Indian economy. The airline industry is currently witnessing one and the retail industry could soon follow.
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