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Carrefour Brasil May Sacrifice Margins To Boost Revenue And Accelerate Market Share Gains - CFO
Carrefour Brasil reaches "break-even" point with online marketplace
Brazil's Carrefour Brasil Reports Q4 Adjusted Net Result Of 758 Million Reais
Atacadao SA is a Brazil-based company engaged in the food distribution sector. The Company's activities are divided into two business areas: Wholesale, as well as Cash and carry. The Wholesale area focuses on the distribution of food and non-food merchandise to supermarkets, pharmacies, hotels, bakeries and restaurants, among others. The Cash and carry area operates self-services stores, under the Atacadao brand name, for wholesale customers. The Company's network includes numerous self-service stores and distribution units across Brazil.
Avenida Morvan Dias de Figueiredo
6169 - Vila Maria
Jose Roberto Meister Mussnich
Chief Executive Officer
Marco Aparecido de Oliveira
Chief Financial Officer
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Retailer Carrefour Brasil and healthcare companies Hapvida Participacoes e Investimentos SA and Sul America SA may enter Brazil's Bovespa equities index in 2020, the bourse said on Monday.
Carrefour Brasil plans to invest around 2 billion reais ($475 million) in 2020 to push forward its digital transformation and expand brick-and-mortar stores, particularly wholesale and convenience formats, executives said on Thursday.
Brazilian mid-sized lender Banco Inter SA <BIDI4.SA> on Thursday launched a smartphone app offering clients direct access to more than 60 stores selling products from appliances to sneakers to beauty products.
Carrefour Brasil is willing to curb margin gains to boost revenues and broaden its market share while the economy remains challenging and competition intensifies in the country, executives said on Thursday.
Carrefour Brasil sees a still challenging economic scenario and lower food inflation keeping a lid on margin gains in its wholesale unit Atacadao, an executive said on Thursday.
Brazilian supermarket chain Carrefour Brasil SA <CRFB3.SA> reported a third quarter net income slightly below market expectations, based on the best quarterly sales performance in the last five years.
Brazilian supermarket chain Carrefour Brasil SA reported a quarterly net income slightly below market expectations.
Carrefour Brasil said on Monday total gross sales grew 8.9% in the third quarter compared with a year ago, underpinned by an ongoing expansion of its wholesale unit and growing efforts to integrate online and brick-and-mortar stores.
Carrefour Brasil said on Monday its total gross sales, excluding gasoline, grew 8.9% in the third-quarter compared to a year ago, reaching 14.44 billion reais ($3.50 billion), underpinned mostly by its wholesale unit Atacadão.
Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.
Food retailer Carrefour Brasil <CRFB3.SA> is handing over the management of its 17 supermarkets in the southeastern state of Minas Gerais to a family-owned chain, in a deal that aims to address the peculiarities of regional markets in a vast country.
Food retailer Carrefour Brasil is handing over the management of all of its 17 supermarkets in the southeastern state of Minas Gerais to a family-owned chain, in a deal aimed at addressing the peculiarities of regional markets in a vast country.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
Carrefour Brasil said on Tuesday its subsidiary has agreed to buy a 49% stake in Brazilian fintech Ewally Tecnologia e Serviços S.A. for an undisclosed amount, as part of plans to offer digital checking accounts to its customers.
Retailer Carrefour Brasil announced on Friday the opening of a new 64,000 square-meter (689,000 square-foot) distribution center in Cajamar, a city in Sao Paulo state, in a push to strengthen its logistics capabilities amid a solid growth of its e-commerce sales.
(Updates prices, adds quote) * Brazil assets lead Latam markets lower * Mexico inflation eases in fist half of August * Carrefour Brasil shares slide on corruption probe By Agamoni Ghosh Aug 22 (Reuters) - Latin American currencies and stocks edged lower on Thursday, as...
The Brazilian unit of retailer Carrefour SA <CARR.PA> said on Thursday it is the target of a corruption probe into alleged payments related to the headquarters of its Brazilian brand Atacadao and a Sao Paulo store, which were operating without a license.
The Brazilian unit of French retailer Carrefour SA disclosed earlier on Thursday in a securities filing a corruption investigation into its operations.
A planned economic stimulus package will likely boost Brazil's supermarket sales in the second half, after lackluster economic growth in the first six months tempered the sector's performance, a local industry association said on Tuesday.
French supermarket retailer Carrefour <CARR.PA> reported higher first-half profits and said it was on track with a strategic overhaul aimed at boosting earnings and tackling competition from the likes of Amazon <AMZN.O>.
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