Carrefour Expands Small-Convenience-Stores Business In China; Moves Away From Hypermarkets

Carrefour SA is shifting its focus from its hypermarket business to a business model emphasizing a smaller convenience store format in China. In 2016, the French retailer plans to open 40 to 50 convenience stores in Shanghai. According to the company, fresh products are driving sales growth in the country. With 14 currently operating Carrefour Easy stores in Shanghai, the company plans to launch online operations in Chengdu, the capital city of Sichuan province.