Carrefour France to transfer 26 stores to franchise or lease-management system | Progresiv

Carrefour France has announced plans to transfer 26 stores to either franchise or lease management system. The retailer aims to transfer five hypermarkets and 21 supermarkets (Carrefour Market) under the lease-management system.

The retailer intends to transfer a further five big-box stores later this year following the initial series of transfers. All the stores selected are under-performing outlets and the move is seen as allowing them a chance to turn around their business by using local knowledge of catchment and shopper habits. (www.kantarretailiq.com)