Flash Report 5 minutesRegister for Free Access“Carrefour 2022”: Retailer Announces Redundancies and Digital Transformation in Strategic Revamp Coresight Research January 24, 2018 Executive SummaryCarrefour has unveiled its new strategy to 2022, which is broadly based on four goals: The retailer intends to simplify the organization, including 2,400 redundancies, and make it more open to partnerships—Carrefour announced a new partnership with Chinese firm Tencent. Carrefour will invest around €2 billion annually to improve its price competitiveness and productivity, and reduce the number of former DIA stores by 273. To push its omnichannel offering, Carrefour will invest €2.8 billion through to 2022 in refining its digital channels and improving its hypermarkets. It is targeting €5 billion in food e-commerce sales by 2022. Carrefour plans to work on improving food quality and to build its organic food range. It hopes to grow its organic food sales to €5 billion by 2022, from €1.3 billion currently. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Zalando Strategy Update 2024: Now Targeting 15% of Europe’s Fashion MarketEarnings Insights 1Q24, Week 7: The Latest Financial Commentary from Costco, Dollar Tree, Lululemon, PVH Corp. and MoreRetail 2024: US E-Commerce Technology Trends—Generative AI, Retail Media and Other Revenue-Generating Opportunities To Transform the Online Landscape2023 US Tax Tracker #1: IRS Issues $15.7 Billion in Refunds, Up by Almost Two-Thirds