Posts from ‘January, 2012’

Can Plassat save Carrefour?

Carrefour is likely to announce that Georges Plassat will replace Lars Olofsson as Chief Executive. Plassat, a former Casino Chairman, most recently served as Chief Executive of French clothing group Vivarte and also spent two years at Carrefour Spain.
Plassat had reportedly turned down the offer of Carrefour CEO back in November, although the retailer denied [...]

Is there a future for hypermarkets?

Carrefour is expected to report on Thursday that Q4 like-for-likes at its French hypermarket division have declined by 5%. This follows last week’s dreadful UK numbers from Tesco. With this in mind, let’s take a look at whether big-box stores can reverse their fortunes.
The sixties was a momentous decade for retail. In 1962, America’s [...]