Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

Carrefour to Open 30 New China Stores in 2012

2012/01/20 by Michael Cole Leave a Comment

Carrefour to open 30 new stores in China.While there seem to be a growing number of pessimists regarding China’s economic outlook for the coming year, Carrefour is among the many foreign retailers planning to expand their operations in China during 2012.

According to an anonymous source within the French hypermarket retailers’ China operations, the company is actually accelerating its expansion this year and plans to open 30 new stores before December 31st, 2012. From a story in the 21st Century Business Herald,

Carrefour will open 30 new stores in China this year, up from 20-25 new openings per year in recent years, the report said.

The person said China is the fastest-growing market and holds the most potential for Carrefour, which cut operations globally in 2010 as profitability declined.

Currently, Carrefour has 203 supermarkets in mainland China, according to data compiled by linkshop.com, a domestic retail portal, ranking it second among foreign hypermarket chains in the country.
Wal-Mart Stores Inc., the world’s biggest retailer by revenue, now has more than 300 China-based stores, and world number three Tesco (UK) currently has 93 supermarkets and 12 convenience stores in China. The UK-retailer has said that it plans to invest more than RMB 19 billion in China from 2011 to 2015.

Related Stories

  • Wal-Mart Projects Slower Growth in China Until 2016Wal-Mart Projects Slower Growth in China Until 2016
  • IKEA Expands in China as Tesco Shutters Retail ShopsIKEA Expands in China as Tesco Shutters Retail Shops
  • Tesco to open 16 more energy-efficient stores in China – and more of today’s China Real Estate Links | May 1, 2012
  • Metro Holdings Invests S$77M in Boustead SG Fund and More Asia Real Estate HeadlinesMetro Holdings Invests S$77M in Boustead SG Fund and More Asia Real Estate Headlines

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Real Estate, Retail Real Estate Tagged With: Carrefour, China hypermarket, China retail real estate, Tesco China, Walmart China

Sustainability Forum

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Yardi Proptech Report

Get Mingtiandi Delivered

Value-Add Forum

MTD TV

MTD TV data centre panel

Blackstone, Actis Predict Continued Growth for APAC Data Centres on MTD TV

Data Centre Operators Tackle APAC Expansion Challenges in MTD TV Panel

More MTD TV Videos

Latest Stories

lee-kok-sun GIC

GIC Invests in $1.2B US Retail JV with RPT Realty, Monarch, Zimmer

George Hongchoy, Executive Director & CEO, Link REIT

Interview with Link REIT Executive Director and CEO George Hongchoy MTD TV Asia Value-Add Forum 2021

Singapore and Japan Ranked Among Top Three Data Centre Markets Globally

Sponsored Features

Tony Horrell

Colliers’ Global Investor Sentiment Report Anticipates Up to 50% Surge in Investment in 2021 Sponsored Feature

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

CK Lau

Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches Sponsored Feature

More Sponsored Features>>

MTD-QR-Code-320

Top Stories

Allianz Real Estate Ups Japanese Holdings With $89.5M Tokyo Apartment BuyAllianz Real Estate Ups Japanese Holdings With $89.5M Tokyo Apartment Buy

Logos Aims for $2.3B Aussie Portfolio After Sydney, Singapore AcquisitionsLogos Aims for $2.3B Aussie Portfolio After Sydney, Singapore Acquisitions

GIC Invests in $1.2B US Retail JV with RPT Realty, Monarch, ZimmerGIC Invests in $1.2B US Retail JV with RPT Realty, Monarch, Zimmer


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Newsletter Subscription
  • Terms of Use
  • Privacy
  • Advertise
  • Join the Mingtiandi Team