Well, I was in South Korea to witness both Carrefour (and Walmart) fail there. Now, it appears I will be here to see them leave Thailand as well. Where is Carrefour's single convenience store in Thailand?
Carrefour Mulls Selling Asian Assets - WSJ.com
At the end of 2009, Carrefour had 19 large hypermarket stores in Malaysia, two in Singapore and 39 hypermarkets and one convenience store in Thailand.
“Mentor: Someone whose hindsight can become your foresight”
---------------------------------------------------------------------------------------------------------------------------------------------------------------------What we have done for ourselves alone dies with us. What we have done for others and the world remains and is immortal. ~ Albert Pine
But the way I read it Carrefour will be leaving with a billion dollar profit.
Too long in Exile, too long not singing my song.
Too long like a rolling stone, Too long in exile
Too long in Exile, baby you just arent my friend.
Too long in Exile my friend, Baby you can never go home again.
I like Carrefor, TESCO in Thailand is really shit IMO, it's amazing in the UK but here it's a different story, they don't even sell tomatoes at the big Param 9 store, just aisles of ketchup and other crap.
'After the game, the king and the pawn go into the same box'
Given the volatility - why bother staying?
It doesn't say how much it cost them in the first place soOriginally Posted by aging one
"Always forgive your enemies -- Nothing annoys them so much !"
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
There are just too many large foreign grocery multiples in Thailand, all vying for the same business but all with similar offerings. Tesco Lotus being the exception because of it's Tesco Express convenience stores.
It seems that Carrefour didn't do a lot of market research before jumping into an already crowded market space.
The only thing that distinguishes it from its competitors is its security system that trips an alarm if you've got a barcode on your person or in your bag that hasn't been paid for.
They had quite a few things that distinguished them at first.
Great, fresh wholemeal bread, great ardennes pate for example.
The problem is that the market is so fiercely driven by price.
Thais would often rather buy a white baguette that's two days old and is a bit cheaper, then lob some flourescent jam on it.
So carrefour switched from good stuff to crap -the market for which was already being catered to by Tesco Lotus.
I think carrefour gambled on the middle classes expanding more, loosening their purse strings more and educating their tastebuds more.
They lost, and then bottled it by going down market.
No wonder the French economy is in shambles. These guys know nothing about international business. Who sells their profitable overseas ventures in order to invest in unprofitable stores in Europe? Do they think that sprucing up their domestic stores and spending more money on marketing can overcome a stagnant Euro economy? What idiots! They should look to the business model adopted by companies that basically have given up on their domestic profits, like Caterpillar, Yum! Brands and McDonalds, in favor of exploiting more profitable emerging markets abroad.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
IF it happens , hate to see 'em go because more is better (although I NEVER shop carrefour because it's not convenient to BTS in BKK)
but they never really matched up to lotus and bic c did they ? is it a french thing ?
but damn i wish there was a target BTS onnut !
Actually often get less......albeit with the impression of more.
Fuck big business
Riddle me this brother can you handle it
Your style to my style you can't hold a candle to it
Equinox symmetry and the balance is right
Smokin' and drinkin' on a Tuesday night
It's not how you play the game it's how you win it
I cheat and steal and sin and I'm a cynic
You and I think exactly the same on this. The TESCO fresh produce is just shit and nothing like TESCO in Europe (one in Prague is fine). However, not all Carrefour locations are so great either. They were much better in Korea.
My current choices for shopping are Robinson's for everything but groceries and Tops or Fresh Market for food. However, I don't hesitate to get food from an outdoor Thai market to include fresh meat.
Well, Carrefour might try to walk away with a billion dollars. Who is going to buy them? Who is going to be able to manage them well? Maybe the Korean chain E-mart E-mart - Wikipedia, the free encyclopedia will buy them. That would be good for Thailand in my opinion.
True, and I particularly liked the French sausages, but they didn't shout enough about the uniqueness of some of their offerings!
Come on, they are all fundamentally evil
"During times of universal deceit, telling the truth becomes a revolutionary act." George Orwell
"The struggle of man against power is the struggle of memory against forgetting" Milan Kundera
No shit. They all suck Big C, Lotus, and Carrefour. Go to Foodland and get the same prices and personalized service. Somebody even unloads and packs your trolley again. Pay cash and get 3% off. In house bakery, deli, and nice counter service restaurant. Took La Dee. I will never go back to one of those big ass gereric shit stores again. Hell I even get preferential parking just because they know I come once a week every week. Saturdays midday, or Sunday earlier I always find the meat fish and chicken on sale as well. 5 stars from me for the local store.
How do they know you only come once week?
Posting Permissions
LinkBack URL
About LinkBacks
Bookmarks