Shelves are empty at 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 locals Carrefour store have caught the attention of customers. Several people started complaining that they have been unable to use t
Image details
Contributor:
Sipa USA / Alamy Stock PhotoImage ID:
2NK0569File size:
17.2 MB (965 KB 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:
Sipa USAMore information:
This image could have imperfections as it’s either historical or reportage.
Shelves are empty at 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 locals 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. When going into some Carrefour stores, people see near-empty shelves. (Photo by Ren Yong / SOPA Images/Sipa USA)