Abstract
Carrefour SA is a France-based company that is primarily engaged in retail distribution. The company is the world's second largest retailer and the largest in Europe. Currently it operates four main grocery store formats: hypermarkets, supermarkets & hard discount, cash & carry and convenience stores.
The firm is present mainly in Europe, Argentina, Brazil, China, Colombia and in Dominican Republic. Carrefour has been listed in the Paris Stock Exchange since 1970. Moreover, the current strategy of the company is to invest in markets with growth potential such as Asia. In 2010, Carrefour launched in Europe Carrefour Planet, a new concept composed of eight poles: health foods, frozen foods, beauty, fashion, baby, house. The company is currently facing a crisis since the CEO is likely to be dismissed because of his behavior and financial markets will probably react to the disadvantage of Carrefour.
Walmart is an American corporation running chains of large discount department stores and warehouse stores founded in 1962 and publicly traded on the New York Stock Exchange since 1972. The firm is the largest public corporation when ranked by revenue, the largest retailer in the world and the biggest private employer. About 40% of products stored in Walmart are private label store brands. Walmart's credo is to provide its customers products whose prices are the lowest possible. But it leads the firm to reduce costs such as wages and this is wrong for its reputation. That is why Walmart fears a change in American legislation.
