Business Intelligence on Retailing, Franchising, and Consumerism in China


Carrefour China Sales Decline 11.2% In Q3 2015

French retailer Carrefour realized sales of about EUR21.5 billion in the third quarter of 2015, a year-on-year increase of 4.2%; meanwhile, its sales in China decreased by 11.2%.

The company revealed that during the reporting period, its sales in the domestic French market were EUR10.266 billion, a year-on-year increase of 1.6%; while its sales in international markets were EUR11.277 billion, a year-on-year increase of 6.2%. However, the retailer's sales in China decreased by 11.2%.

From January to September 2015, Carrefour achieved total sales of about EUR63.864 billion, a year-on-year increase of 3.4%. Of which, sales in France were EUR29.938 billion, a year-on-year increase of 1.7%; and sales in international markets were EUR33.926 billion, a year-on-year increase of 4.5%. Due to the consumption slowdown in China, the company's sales in this marketplace decreased by 10.6% during the first nine months of 2015.

In addition, Carrefour showed strong performance in the European market during the third quarter of 2015. Its operating revenue in Spain, Belgium, and Italy was higher than expected.

Prior to this, Carrefour just opened a new supermarket in Shanghai, which is the retailer's 30th store in the city.







Image Credit: pcruciatti


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