Why did Carrefour close down in Singapore?

Carrefour said in a press statement that it decided to close its two stores in Singapore, which are located at the shopping malls Suntec City and Plaza Singapura, as “expansion and growth perspectives do not allow reaching a leadership position in the medium and long term.”

When did Carrefour close in Singapore?

In 2012, French hypermarket chain Carrefour has exited our shores. It pulled out due to not “being competitive enough”. You see, they believed that they could not achieve a leadership position in the medium and long term perspective in the country.

Who bought Carrefour?

Carrefour Market is a French supermarket chain created in 2007, owned by the international retail group Carrefour, and has currently stores in France and several other countries, see below….Carrefour Market.

Type Société par actions simplifiée
Products Supermarkets
Parent Carrefour Group
Website carrefour.fr

Where is the biggest Carrefour in the world?

Carrefour, the French company that operates over 600 supermarkets worldwide, opened Qatar’s first hypermarket, said to be the biggest of its kind in the Middle East, at Doha’s prestigious City Centre complex on Monday.

What happen to Carrefour?

Carrefour is a French hypermarket chain and the world’s second-largest mega-retailer right after Walmart, United States’ giant in terms of revenue. However, after 15 years of operating in Singapore, Carrefour decided to pull the plug on their operations here and other markets like Thailand and Malaysia.

Is there Carrefour in Singapore?

This week, Carrefour has announced that it was pulling out of Singapore. Its two existing outlets here will close by the end of this year. The French retail giant was the first to introduce the hypermarket concept in Singapore with the opening of its first store in 1997.

Why is it called Carrefour?

History. The first Carrefour shop (not a hypermarket) opened in 1960, within suburban Annecy, near a crossroads (hence the name, carrefour means crossroads in French).

Is Carrefour owned by France?

Carrefour SA, (French: “Crossroads”) French company that is one of the world’s largest retailers. Headquarters are in Paris.

What is the difference between Carrefour City and Carrefour Market?

Anyway, Carrefour City is bigger than Carrefour Express and Carrefour Market is bigger than Carrefour City and Carrefour Contact is smaller than Carrefour Express.

How many carrefours are there in the world?

12,225 stores
With turnover of almost €80.7 billion in 2019, over half of which was generated outside France, Carrefour today has 12,225 stores in over 30 countries.

What is the meaning of Carrefour?

carrefour • \kair-uh-FOOR\ • noun. 1 : crossroads 2 : square, plaza.