CHINA: Wal-Mart, Carrefour fined CNY9.5m over deceptive pricing
By just-food.com | 22 February 2011
China's National Development and Reform Commission has fined Carrefour and Wal-Mart Stores CNY9.5m (US$1.4m) for manipulating product prices in some of their stores.
just-food articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
China's National Development and Reform Commission has fined Carrefour and Wal-Mart Stores CNY9.5m (US$1.4m) for manipulating product prices in some of their stores.
- Unlimited access to all the latest global food news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-food market research
- Plus much more
If you’re already a member, login here
More articles related to this one
Editor's choice: the highlights on just-food this week
M&A talk has continued unabated, with ConAgra revealing its disappointment around its latest offer for Ralcorp being rebuffed. The owner of former Bright Food target United Biscuits has cooled reports that it is looking to split the manufacturer in two. Happier news for Bright Food this week, however, with the company reaching an agreement to buy Manassen Foods.
UK: Asda launches smartphone shopping
Asda today (19 August) announced the launch of a mobile optimsed website that allows customers to buy groceries online using a smartphone.
Wal-Mart's Q2 results - what the analysts say
Wal-Mart Stores upped its forecast for annual earnings this week after its second-quarter results. But did Wall Street react to Wal-Mart's numbers? And how do analysts view the outlook for the retailer?
Market research related to this article
Carrefour in Poland: Local Profile
ICD Research's ‘Carrefour in Poland: Local Profile’ is a comprehensive report covering the company’s local operations. It also includes key financial and operational performance details of the company. In addition, the report presents the strategy of...
Carrefour China 2010: A Company Profile
Carrefour shot to prominence very quickly in China's retail market, stealing the thunder of arch competitor Wal-Mart, taking a strong initial lead among the foreign retailers in the grocery market, which Wal-Mart won back by pipping Carrefour to the ...
Carrefour: Hypermarket Reinvention
European hypermarkets account for 70% of Carrefour's total sales. However, sales at the format have fallen into negative figures. This brief explores the reasons behind the decline of the hypermarket and the strategies Carrefour is adopting to reinve...
