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Heard on radio Carrefour closing shop in S'pore, massive retrenchment
- Thread starter Romagnum
- Start date
All's fair in business. Oriental killed Chung Hwa Emporium.
I think there is a large contingent of foreign workers in all the supermarket chains. Take the Cold Storage at King Albert Park, I noticed a lot of pinoys over there, I guess not only do they speak better english than their PRC counterparts but Bukit Timah is rich angmoh territory.
i always believe in competition becos you can chose the best price & best value, the main thing is you have a CHOICE even if you don't shop in Carrefour. without it the remaining few players in the business will have a greater control of the market & then everyone will have to buy at their price, got no choice. imagine there's only 1 supermarket chain & they dictate what you buy & at what price. now imagine GL only got 1 chicken house & 1 chicken got HIV..
Aiyah, you don't know meh. Hokkien saying "Choo Lai [At home] tey yit. men kow[door entrance] tey chit [Number 7]. quo kow[outside] bo pit"
Prices at NTUC Fairprice is already Cold Storage standard. No wonder they pride themselves "Finest".
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I am going to miss Carrefour Suntec for its ribeye steaks they put on sale now and then. Their bread used to be 2 for one after 9pm but no more. The sad signs are there. One outlet after another closing down in Malaysia. Parking is free for motorcyclists so a big plus.
To the undertakers, it is HUAT AH!
Was told by some people in the industry that Carrefour treats their staff badly. NTUC is well-known in talent spotting Carrefour's unhappy staff and making them offers to 'migrate' to NTUC.
of all the places, have a supermarket in suntec. no surprise carrflour collapses. the parking is horrendous! damned inconvenient. all traffic jams. huge complex a massive white elephant.so many things many irrelevant. fairprice will turn the place into the finest supermarket for sure!au revoir!!!
Because nobody bought their cheap foldable bike?
Carrefour to close shop by year end in SG!
SINGAPORE: Hypermarket chain Carrefour has announced that it plans to close both its local outlets -- at Suntec City Mall and Plaza Singapura -- by the end of this year.
In a press release dated Tuesday morning, the company said: "Carrefour Singapore announces the decision to close its Suntec and Plaza Singapura stores before end of 2012, since expansion and growth perspectives do not allow reaching a leadership position in the medium and long term."
The French company, which opened its first store in Singapore in 1997, had previously said in 2010 that it would leave Malaysian, Singaporean and Thai markets.
In November 2010, it sold its operations in Thailand -- where it had 42 stores including 34 hypermarkets -- to Thai chain Big C, for an enterprise value of 868 million euros (S$1.36 billion).
But in the same month, it put off plans of selling its stores in Singapore and Malaysia, saying it was confident of creating more value single-handedly in Malaysia and Singapore in the medium and long term, rather than by disposing of those properties.
Then-chief executive of the Carrefour group, Lars Olofsson, said at that point that the two countries would become more significant contributors to the company's overall business.
However, other reports claimed that Carrefour had cancelled plans to sell its Malaysian and Singaporean assets after the designed sale did not attract expected bids.
In 2009, Asia accounted for 7.9 per cent of Carrefour's sales of 85.9 billion euros. Carrefour's two outlets in Singapore contributed 85 million euros in revenue that year, according to its annual report.
Which supermarket is next to go??
SINGAPORE: Hypermarket chain Carrefour has announced that it plans to close both its local outlets -- at Suntec City Mall and Plaza Singapura -- by the end of this year.
In a press release dated Tuesday morning, the company said: "Carrefour Singapore announces the decision to close its Suntec and Plaza Singapura stores before end of 2012, since expansion and growth perspectives do not allow reaching a leadership position in the medium and long term."
The French company, which opened its first store in Singapore in 1997, had previously said in 2010 that it would leave Malaysian, Singaporean and Thai markets.
In November 2010, it sold its operations in Thailand -- where it had 42 stores including 34 hypermarkets -- to Thai chain Big C, for an enterprise value of 868 million euros (S$1.36 billion).
But in the same month, it put off plans of selling its stores in Singapore and Malaysia, saying it was confident of creating more value single-handedly in Malaysia and Singapore in the medium and long term, rather than by disposing of those properties.
Then-chief executive of the Carrefour group, Lars Olofsson, said at that point that the two countries would become more significant contributors to the company's overall business.
However, other reports claimed that Carrefour had cancelled plans to sell its Malaysian and Singaporean assets after the designed sale did not attract expected bids.
In 2009, Asia accounted for 7.9 per cent of Carrefour's sales of 85.9 billion euros. Carrefour's two outlets in Singapore contributed 85 million euros in revenue that year, according to its annual report.
Which supermarket is next to go??
i actually love shopping at Carrefour in suntec, surprisingly total bill actually cheaper than NTUC. the roast chicken is nice. i will miss the place. :(
What happened with Yaohan had nothing to do with what happened in Singapore. It was about what happened in Japan. It used to be in Japan what NTUC FairPrice is in Singapore.
Cold Storage won't be going down as long as PAP is in power. It's the genesis of supermarkets in Singapore and look at the rolls of its directors and patrons.
Leongsam again slow to praise you. Me tonight quite free, help him a little. Here's from Leongsam.
"PAP needs more talents like you. Here's some reputation points for you. From Leongsam"
Kanina got many rep points from Leongsam tonight. I help relay the message from Kanina.
"What do you think?"
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