The Market Debate, Part 2: Inside a French Supermarket

carrefour shopping carts grocery store

Where do you buy your food? If you live in France, there’s a good chance the answer is “Carrefour.”

Carrefour is the leading supermarket chain in France. Opened in 1958 by Marcel Fournier, Denis Defforey and Jacques Defforey, it has expanded into a multinational corporation with a revenue of €76.127 billion in 2012 (Carrefour Annual Report). In it’s first 20 years of existence Carrefour opened more than 2,000 stores, and today has locations in Europe, Asia, Africa, and the Middle East. It is the fourth largest retail operator in the world behind Wal-Mart, Tesco, and Costco (Potter 2011). Directly influenced by the American retail giant, Carrefour replicated the American superstore model as well as its success. However in recent years Carrefour’s profits have remained stagnant due to a combination of increased competition, the global recession, and a growing distrust of industrial food.

The following video depicts a typical walk through one of Carrefour’s “hypermarkets”. Continue reading

Advertisements