Carrefour, the world's second-largest retailer behind Wal-Mart Stores, beat its bigger rival to the punch when it cracked the Russian market last June.
The celebration of Carrefour's first Russian store, a hypermarket in Moscow, was short-lived, however — just three months later, the company said it was pulling out of Russia. In a prepared statement, the company, which operates in more countries than any other retailer in the world, cited the “absence of sufficient organic growth ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Click here to read the FAQ page if you have any questions (opens in a new window)
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.
Already registered? Log In