Carrefour

Carrefour SA (EPA: CA) is one of the world's largest retailers, headquartered in Paris, France. Founded in 1959 by Marcel Fournier and Louis Defforey, Carrefour pioneered the concept of the hypermarket, revolutionizing the retail industry in France and globally.

Carrefour operates a multi-format network of over 12,225 stores across more than 30 countries. Its store formats include hypermarkets, supermarkets, convenience stores, cash-and-carry outlets, and ecommerce platforms under various banners such as Carrefour, Champion, Dia, Ed, and Promocash. The company's product offerings span groceries, fresh foods, consumer goods, electronics, clothing, and more. Carrefour has a strong focus on private label products, which accounted for 36% of sales in 2023. The company has also been expanding its ecommerce capabilities, with gross merchandise value growing 26% in 2023.

In recent years, Carrefour has pursued strategic acquisitions to strengthen its market position. In 2023, the company announced the acquisition of Cora and Match stores in France, as well as 47 stores from El Corte Inglés in Spain. Carrefour is also focusing on sustainability initiatives, having already achieved a 38% reduction in Scope 1 and two emissions by the end of 2023. The company reported sales of EUR 94.1 billion in 2023 and aims to further grow its operations while maintaining a balance between price competitiveness and financial performance.