Carrefour Italia To 'Downsize' Five Hypermarkets In Italy
Due to challenges in the hypermarket sector, Carrefour Italia is to downsize five of its 51 hypermarkets in Italy, reports Il Sole 24 Ore.
Under the Carrefour 2022 transformation plan, the retailer is to review its large-scale retail model in favour of smaller stores, resulting in around about 590 redundancies.
Carrefour said that it will consider all opportunities for the relocation of the affected employees.
The five stores involved in the reduction plan include outlets at Marcon (Venice), Tavagnucco (Udine), Grugliasco (Turin), Casalecchio del Reno (Bologna) and Roma-La Romanina.
The operation includes also an investment of €400 million for the development of smaller stores and customer services, the assortment's expansion and the launch of a food and non food marketplace.
Also the retailer's e-commerce offering is to be improved with the opening of four 'hybrid' stores in Milan, Rome and Turin.
According to the plan, over the next four years Carrefour is to open 100 new Market stores and 200 new Express stores.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Alessandra Arosio. Click subscribe to sign up to ESM: European Supermarket Magazine.