Carrefour attempts new community shopping model in China

The retailer, in the first three quarters of 2022, had closed 54 stores, leaving only 151 stores in operation, according to Kantar Worldpanel China. — Reuters

SHANGHAI: Carrefour China, part of Suning.com, has plans to rejuvenate its shrinking hypermarkets into community shopping centres that offer services for families and upgrade its supply chains after closing many underperforming stores in some cities in the country in the past two years.

The retailer, in the first three quarters of 2022, had closed 54 stores, leaving only 151 stores in operation, according to Kantar Worldpanel China, a research unit in Shanghai.