retail news in context, analysis with attitude

Yesterday, MNB noted that France-based Carrefour expects to generate as much as $3.9 billion (US) in sales this year, which would represent a 22 percent increase over last year; The company already has 100 hypermarkets in China, and plans to open between 20 and 25 new units a year for the foreseeable future.

Now, published reports say that the French retailer is considering its options for what its approach will be in India, and probably will make a decision by the end of the year about possible alliances.

India, while densely populated, creates all sorts of legal obstacles for international retailers looking to open there and requires local businesses be involved with any global players. Wal-Mart, for example, is in a joint venture with a major Indian company and expects to open units there as soon as next year.

Carrefour, while looking, hasn’t committed itself to a projected first opening date. Yet.
KC's View:
In the global economy, India is one of those places – just like China – where the big guys have to be in order to maintain leadership. Reticence and timidity will not pay off there, I would guess.

I don’t know about you, but I can’t wait for my first trip to India.