French retail giant Carrefour opened its first hypermarket in Russia in the Filion shopping centre in Moscow today (18 June).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Spread over two floors, it occupies nearly 8,000 square feet of selling space and carries 15,000 food items and 30,000 non-food products.
Nearly 90% of products offered in Carrefour hypermarkets will be sourced locally, the French retailer emphasised.
Outlining the company’s strategy for the market, Jacobo Caller, general director of Carrefour in Russia, said that the group would remain “client-oriented”, offering “quality products at low price, great value and high levels of services”.
Carrefour Russia plans to open two more hypermarkets before the end of 2009 – in Krasnodar’s Galaxy shopping mall and in the centre of Lipetsk.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThierry Garnier, member of Carrefour’s executive board, described the move as an “important milestone” for the company.
“The Carrefour Group believes that the Russian market has outstanding long term potential and considers it to be one of the strategic priorities for the company’s international development,” he said.
Carrefour, meanwhile, has reportedly halted talks to buy Russian retail chain Seventh Continent.
However, company executives told a news conference in Moscow that the group is looking for ways to speed expansion in the market.
“In all countries we are looking at all the opportunities that would let us speed our development,” Thierry Garnier reportedly said.
