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Carrefour

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Carrefour raises cash flow target as French hypermarkets attract cost-conscious customers

By Dominique Vidalon PARIS, Oct 26 (Reuters) - Europe's largest food retailer Carrefour CARR.PA on Wednesday raised its cash flow target for this year as sales growth accelerated in the third quarter, especially in the firm's core French market. Carrefour's closely watched hypermarkets benefitted from their "attractive" low-price offers as buyers grappled with inflation, the company said.
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Nestle adapts as hoarding picks up in Asia, North Africa

By Richa Naidu, Canan Sevgili and Olzhas Auyezov LONDON/GDANSK/KAZAKHSTAN, Sept 21 (Reuters) - Seyda Bal, who works at a bank in Istanbul, is so anxious about the rising price of groceries that she's lapsed into a pandemic-era habit: hoarding packaged goods like coffee and toilet paper. "I buy a lot of basic foods such as oil, pasta, rice, tahini, molasses ...
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Spain's retailers shun government proposal to freeze basic goods prices

MADRID, Sept 12 (Reuters) - Spain's main supermarket chains rejected on Monday a proposal by the left-wing coalition government to temporarily freeze prices of a basic staple basket to ease the pain of high inflation, calling on the government to lower taxes instead. The proposal, which sought an agreement with retailers to offer fresh products including fish, meat and eggs at a fixed price until January also met scepticism from other business groups and opposition politicians who view the move
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Inflation crisis forces new frugality on French consumers

By Leigh Thomas and Caroline Pailliez PARIS, Aug 30 (Reuters) - Cost-conscious French consumers are ditching fish, buying cheaper meat and snubbing organic food to save money on their shopping, the head of Europe's largest food retailer and shoppers said on Tuesday. Carrefour Chief Executive Alexandre Bompard said economists' debates about when inflation would peak were futile, and what mattered was consumers' new, entrenched penny-pinching approach to shopping.
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Carrefour CEO says inflation crisis turning consumers into penny-pinchers

PARIS, Aug 30 (Reuters) - Cost-conscious French consumers are ditching fish, buying cheaper meat and snubbing organic food to save money on their shopping, the head of Europe's largest food retailer said on Tuesday. Carrefour Chief Executive Alexandre Bompard said economists' debates about when inflation would peak were futile, and what mattered was consumers' new, entrenched penny-pinching approach to shopping.
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