France’s Carrefour group said yesterday it is overhauling its business in a transformation plan involving thousands of job cuts and a product revamp.
Carrefour Washington Wizards Throwback Jersey , which was the world’s second-biggest retailer at the start of the century after US giant Wal-Mart, has since slipped to ninth position, according to the Deloitte consultancy, having been overtaken by Amazon and Costco.
“Carrefour has not sufficiently developed with its customers,” CEO Alexandre Bompard told a news conference.
Some 2,400 jobs will be cut in Carrefour’s French operations via voluntary redundancies, the group said.
Many of the cuts will be made at Carrefour’s 12 French headquarters Utah Jazz Throwback Jersey , which total 10,500 employees and are, according to Bompard, staffed “out of proportion” compared to its competitors.
The job cuts move immediately drew a warning from the French government. Finance Minister Bruno Le Maire said in Brussels that “the government will be very vigilant concerning support for each staff member in the plan announced by Carrefour.”
Unions quickly lodged their protest, and Force Ouvriere, the union at Carrefour, issued a strike call for February 8.
The retailer’s product mix is to be redirected toward more organic produce Toronto Raptors Throwback Jersey , with a target of increasing sales in that segment almost four-fold by 2022, it said.
“We must revamp our model, by simplifying our organization, opening ourselves up to partnerships, improving our operational efficiency, investing in our growth formats, building an efficient omnichannel model and developing our fresh and organic products offer San Antonio Spurs Throwback Jersey , notably under the Carrefour brand,” Bompard said in a statement.
The group said it will also accelerate its online development, aiming for a 20-percent market share in French online food sales, and open at least 2,000 new neighborhood outlets in its French home market in coming years.
Carrefour is hoping for 2 billion euros (US$2.45 billion) of annual savings from 2020 onwards thanks to the restructuring as it streamlines logistics and overheads.
Bompard said the group would sell 500 million euros worth of non-strategic assets over the next three years.
None of the group’s hypermarkets in its traditional outlet network would be shut down, he said, but some would be leased out.
Analysts at Aurel BGC welcomed the plan Sacramento Kings Throwback Jersey , saying it was aimed at relaunching the retailer which is “worn out from years of strong competition and the rise of digital.”
Carrefour, Tencent seal alliance
Carrefour and Tencent announced an alliance in China yesterday, joining a rush of companies trying to link the strengths of online and offline retailing.
The companies said they want to combine Carrefour’s global retail experience and the technology strengths of Tencent, which operates the popular WeChat social media platform and other services. They said they would cooperate on smart retail, mobile payment and data analysis to boost Carrefour China’s customer traffic.
They join a flurry of ventures by retailers including Amazon and China’s Alibaba and JD aimed at combining the strengths of online and offline retailing.
“Carrefour will improve its online visibility, increase the traffic of its offline and online retail activities and benefit from Tencent’s advanced digital and technological expertise to develop new smart retail initiatives,” the companies said in a statement.
E-commerce is growing with explosive speed in China Portland Trail Blazers Throwback Jersey , putting traditional retailers on the defensive. Online sales accounted for about 20 percent of Chinese retail spending last year but grew 32.2 percent compared with 2016 while overall retail rose 10.2 percent. Tencent and Yonghui are considering a “potential investment” in Carrefour’s China unit, the companies said.
BEIJING, Jan. 24 (Xinhua) -- China saw 17.2 million live births in 2017, the second year that all Chinese couples have been allowed two children, down from 17.9 million in 2016, according to the National Bureau of Statistics (NBS).
The birth rate dropped from 1,295 to 1 Phoenix Suns Throwback Jersey ,243 per 100,000 population. The NBS attributed the decline to 2.5 million fewer couples having first children.
FEWER MOTHERS, FEWER KIDS
The main demographic reason for the decline is a reduced number of women of childbearing age. According to Yuan Xin, a demographer with Nankai University, the number of women aged 15 to 49 keeps dropping -- by 4 million in 2017. Furthermore younger women are less inclined to have a baby.
Fewer first children clearly diminishes the effect of a second-child policy. Since 2016, all couples have been allowed to have two children, bringing to an end to 40 years of single children.
A report published earlier this month by the Shanghai Women's Federation showed that over half of households with only one child did not want a second. Beyond demographics Philadelphia 76ers Throwback Jersey , the cost of having a child was chosen by 35.9 percent of those surveyed as the main reason for not having a child.
"It costs 20,000 (3,100 U.S. dollars) to 30,000 yuan a year for a family in a big city to raise a child from birth to college, not including the parents' opportunity cost, time and energy," said Liang Jianzhang of Peking University.
Economic pressure was followed by health concerns Orlando Magic Throwback Jersey , inadequate housing, career advancement and numerous other worries. A perceived lack of childcare facilities, quality education and medical care do not help matters.
Figures provided by the National Health and Family Planning Commission (NHFPC) showed that 18.5 million babies were born in hospital in 2016, the highest since 2000 and 1.3 million more than 2015. About 45 percent of them had an older sibling.
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