The complex recipe for Carrefour’s successWhile the various crises experienced worldwide have not completely spared the group, it still remains one of the leaders in global mass distribution . Indeed, they rely on a complex strategy based on many factors such as a solid international presence, a multi-format approach , successful diversification, and strategic acquisitions.
A key example would be Carrefour’s several distribution formats that include – but are not limited to – super and hypermarkets , online, cash & carry , and small local convenience stores .
The multitude of brands owned by Carrefour (Bio c’bon, So.bio, Gross Iper, Atacadão, Carrefour City, etc.) has created many opportunities for the group. Furthermore, in addition to its retail business, Carrefour also has a strong foothold in other sectors. It is the parent company of Carfuel (fuel distributor) and is active in the travel, insurance, and banking sectors. All-in-all, Carrefour has managed to establish itself as a multi-local, multi-format, multi-channel retailer throughout the years.
Still in the shadows of giantsWhile undoubtedly a success story, despite its complex strategy, Carrefour has yet to catch up to some of its domestic and international competitors.
Worldwide, the group generated roughly 73 billion euros in net sales in 2021. Unsurprisingly, the corporation’s homeland made up the largest share of its global revenues. Nonetheless, Carrefour’s many brands often struggle to reach the very top of the list of leading retailers in France , whether it be in terms of turnover, number of stores, or surface area.
On the global stage, the U.S. Walmart and Kroger , or the German Schwarz Group (owner of Lidl and Kaufland), usually place higher on global retailer rankings . What’s more, the French multinational sometimes does not even appear on such lists.
Ultimately, despite decent numbers, as well as its diversity in terms of distribution, diversification, and acquisitions, Carrefour still has some room for improvement should the corporation wish to reach the top spot globally.