A customer takes an escalator to a Carrefour store in Wuhan. Carrefour entered the Chinese market in the year 1995 and expanded very quickly, securing a large market share. However earnings began to get smaller as the competition kept on increasing. In the year 2019, the French retailer sold around 80% of its "loss-making" China business to Jiangsu-based "Suning" for CNY 4.8 billion which was equal to USD 699 million at the time).This month, reports of shortages at the many local Carrefour store have caught the attention of customers. Several people started complaining that they have been unab
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Contributor:
SOPA Images Limited / Alamy Stock PhotoImage ID:
2NK3J6BFile size:
17.2 MB (1.1 MB Compressed download)Releases:
Model - no | Property - noDo I need a release?Dimensions:
3000 x 2000 px | 25.4 x 16.9 cm | 10 x 6.7 inches | 300dpiDate taken:
22 February 2023Photographer:
SOPA ImagesMore information:
This image could have imperfections as it’s either historical or reportage.
A customer takes an escalator to a Carrefour store in Wuhan. Carrefour entered the Chinese market in the year 1995 and expanded very quickly, securing a large market share. However earnings began to get smaller as the competition kept on increasing. In the year 2019, the French retailer sold around 80% of its "loss-making" China business to Jiangsu-based "Suning" for CNY 4.8 billion which was equal to USD 699 million at the time).This month, reports of shortages at the many local Carrefour store have caught the attention of customers. Several people started complaining that they have been unable to use their shopping cards for various products, especially those labeled with Chinese New Year, in Shanghai, Guangzhou and Wuhan, and other parts of the country since last month. And when going into some Carrefour stores, people see near-empty shelves.