Carrefour is one of the leading food retailers in the world and operates across 40 countries worldwide. Carrefour is steadily deploying its store base, with outlets operated either directly or increasingly, through franchises and lease management contracts. In the Middle East, Africa, and other geographies, the group operates through local partners who are managing and expanding a network of stores under Carrefour banners. Carrefour offers its customers all retail formats like hypermarkets, supermarkets, convenience stores, cash & carry stores, soft discount, in-store shopping, online ordering, home delivery of their shopped products, or picking up their purchases from a sales outlet or a Drive. In FY2021, it added 846 stores bringing the store count to 13,894 globally. Carrefour has its headquarters in Massy, Ile de France, France.
In FY2021, Carrefour added 846 stores in total which spread its network of stores to 13,894 across all markets. This was due to the acquisition of the Supersol banner in Spain, the acquisition of a non-controlling interest in Cajoo in France, the creation of SCI Cargan-LOG in France, the exchange of assets under the Pinheiros project in Brazil, Carrefour SA’s loss of control of Market Pay, and discontinuation of the operations of Carrefour Banque’s Italian branch. Also, in December 2021, the Group acquired the remaining 40% non-controlling interest in the Belgian financial services company Fimaser. The Group also bought the remaining non-controlling interests in French companies Quitoque and Greenweez for non-material amounts.
The total store count spiked up from 12,225 in FY2019 to 13,048 in FY2020 YoY. This was due to various events such as the acquisition of Potager City, Dejbox joining Carrefour, Carrefour accelerating the expansion of its Atacadão format by acquiring 30 Makro stores in Brazil, acquisition of 224 Wellcome convenience stores in Taiwan and the acquisition of 72 convenience stores and supermarkets under Supersol banner in Spain.
In FY2021, Carrefour’s net sales grew by 5% at constant exchange rates. This was primarily due to a 2.3% increase in same-store sales excluding petrol and calendar effects, a 0.9% positive contribution from store openings, and a 2.1% increase in petrol sales.
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