Carrefour Brazil In Renewed Expansion Drive

Source: Reuters, Monday, Mar 12, 2018

Carrefour’s Brazilian arm is planning to aggressively expand its store network, potentially via acquisitions and partnerships. The company plans to open 20 wholesale stores in 2018, as well as 10 Carrefour Markets and 20 Carrefour Express convenience stores. It will also aim to convert five to seven hypermarkets into wholesale stores. In total, Carrefour foresees the potential for a total of 120 to 140 new stores by 2022. At this point, Carrefour sees its network covering 80 to 85 cities.