Technology fires Carrefour鈥檚 China profit
Print Edition
French retail giant Carrefour said its Chinese mainland and Taiwan operations recorded an 11-fold jump in profit in 2018, with digital technologies boosting operational efficiency.
Operating income, or earnings before interest and taxes, climbed 11 times to 350 million yuan (US$52.2 million), thanks to initiatives taken to transform the commercial model of hypermarkets and the acceleration of online to offline services.
Globally, sales on a like-for-like basis were up 1.4 percent to 85 billion euros (US$96 billion).
Carrefour said it was continuing with its digitization pace while modernizing its offerings and ensuring more shopper-friendly products and services.
鈥淐hina is a retailing laboratory for the world, and for Carrefour, China is a specific market that has helped us to learn and understand the future,鈥 President and CEO of Carrefour China Thierry Garnier said.
At the end of last year, Scan & Go technology, which allows users to scan and pay for merchandise at physical stores through WeChat Wallet, has also being used in Carrefour鈥檚 offline stores in China.
Self-service check-out machines will also be rolled out in the country by end of March.
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