Retail in Asia

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Carrefour set to overhaul hypermarket product lines

Carrefour aims to cut back selling space devoted to some non-food items at its French hypermarkets and give local store managers greater control over the products they sell as part of the plan to revive sales at the struggling business, a trade union official said on Tuesday.

Noel Prioux, the head of Carrefour France, told unions on Monday that the company will scale down selling space for phones and jewellery and boost its offering of household goods now that cash-strapped shoppers are cutting spending on non-essential items, said Dejan Terglav at the Force Ouvriere union.

Prioux will also give managers more independence in running their stores including decisions about what to sell and who to employ, Terglav said.

(Source: CNBC)