Carrefour vs. Wal-Mart
Submitted by Bill Belew on Monday, 22 January 2007No Comment
Carrefour is France's answer to the American giant Walmart Inc.
The new president of Carrefour China says the company will open 20 new branches this year at a cost of about 150 million euros.
The focus of the company will remain in Beijing and Shanghai, but medium and small sized cities will still see development.
A medium sized city in China is still around 5 million…and small is one million people or more.
Carrefour first set up shop in China in 1995 and currently has 92 branches + 20 this year = 112.
Wal-mart has 73 stores in China and plans to open 50 more this year = 123.
But more stores in China does NOT always equal more customers, more money.
Carrefour vs. Wal-Mart?
Who do you think will win?
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