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Management’s discussion and analysis as of December 31, 2015
Outlook for 2016
Outlook for 2016
4.3
Carrefour is continuing its transformation and has strong ambitions
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Carrefour is also continuing to implement its structural projects,
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in a world of changing consumer needs and behaviors. Our
which include revamping the supply chain and streamlining IT
multi-format model is expanding into new channels, enabling us to
systems in France as well as realigning the business model in China.
optimize our customers' purchasing experience.
Carrefour is accelerating its digital transformation in line with its
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Carrefour is consolidating its position as a multi-format
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omnichannel ambition, capitalizing on click & collect services and
international retailer and in 2016 will continue to open convenience
leveraging its physical store network. Virtually all of the Group's
stores at a swift pace in all countries. Conversion of the Dia store
countries now offer e-commerce services. The acquisition of Rue du
network is being carried out as planned, with close to 500 additional
Commerce in France is a major step that will enable us to expand
stores expected to be converted in 2016.
our product ranges
via
the online market place.
Carrefour is investing to sustain its growth. The Group is continuing
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Carrefour will continue to invest in 2016 while paying close
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to expand its network in order to increase its geographical coverage.
attention to financial discipline:
It is also pursuing investments to modernize its stores in all
total investments, including Dia France, of between 2.5
billion
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countries and boost the appeal of its locations by capitalizing on
euros and 2.6 billion euros,
associate Carmila in France, Spain and Italy.
constant attention to free cash flow,
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continued strict financial discipline: maintain BBB+ rating.
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2015 REGISTRATION DOCUMENT