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118 2014 Registration Document
Comments on 2014 fiscal year
4
Outlook for 2015
4.3
Outlook for 2015
Carrefour is staying the course in an environment that remains uncertain.
In the third year of its plan, the group will focus in 2015 on the following
operational priorities:
■
continue plans aiming at continuous improvement of our offer and price
image to enhance our customers’ shopping experience in all countries;
■
accelerate multi-format expansion:
■
continue targeted expansion in our key markets,
■
gradual integration of DIA France’s stores,
■
continued opening of convenience stores in Brazil and China;
■
develop our multi-channel offer, supported by our physical store
network:
■
revamp and convergence of our websites in France, gradual
broadening of our offer,
■
continue roll-out of click & collect,
■
develop e-commerce activities in several countries;
■
continue structural projects including:
■
revamp of the supply-chain in France,
■
IT rationalization,
■
evolution of our model in China;
■
continue store remodeling:
■
continue the program to bring up to standards,
■
modernize our store network;
■
enhance the attractiveness of our sites by capitalizing on property
company Carmila in France, Spain and Italy.
2015 outlook:
■
total investments, including DIA France, of between €2.5bn and
€2.6bn;
■
increased free cash flow;
■
continue strict financial discipline: preserve BBB+ rating.