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Carrefour

All articles tagged with #carrefour

business-and-economy2 years ago

"Carrefour Halts Sales of PepsiCo Items Amid Dispute Over Rising Prices"

Carrefour, a major European supermarket chain, has begun removing PepsiCo products such as Pepsi, 7 Up, Lipton tea, Quaker foods, Doritos, and Lays chips from its stores in France, Italy, Spain, and Belgium in response to what it calls "unacceptable" price hikes by PepsiCo. The chain has been vocal about the cost of food products, previously adding warning labels to items that had increased in price or decreased in volume or weight. PepsiCo is reportedly in "good faith" discussions with Carrefour to resolve the issue, but has not publicly commented on the situation.

via New York Post |
#business-and-economy#carrefour#pepsico
business-and-economy2 years ago

"Carrefour Halts Sales of PepsiCo Items Amid Price Dispute"

Carrefour, a major European supermarket chain, has begun removing PepsiCo products such as Pepsi, 7 Up, Lipton tea, Quaker foods, Doritos, and Lays chips from its stores in France, Italy, Spain, and Belgium in response to what it calls "unacceptable" price hikes by PepsiCo. The chain has been vocal about the cost of food products, even adding warning labels to products in September to pressure manufacturers to reduce costs. PepsiCo is reportedly engaging in discussions with Carrefour to resolve the issue, but has not publicly commented on the situation.

via New York Post |
##business-and-economy#carrefour
businesseconomy2 years ago

"Carrefour Drops PepsiCo Brands Amidst Price Increase Dispute in Europe"

Carrefour, a major global supermarket chain, is discontinuing the sale of PepsiCo products in its stores across France, Belgium, Spain, and Italy due to PepsiCo's significant price increases on items such as Lay’s, Quaker Oats, and Lipton tea. This decision aligns with a new French law aimed at combating the cost of living crisis, which imposes heavy fines on supermarkets that fail to agree on prices with suppliers by a set deadline. PepsiCo has cited rising costs for ingredients like grain and cooking oil as reasons for their price hikes, despite a recent decrease in overall inflation and food commodity prices.

via The Associated Press|
##businesseconomy#carrefour
business-and-economy2 years ago

"European Supermarkets Boycott PepsiCo Goods Amidst Soaring Prices"

Carrefour, a major global supermarket chain, has ceased selling PepsiCo products in its stores across France, Belgium, Spain, and Italy due to significant price increases on items such as Lay's, Quaker Oats, and Lipton tea. This move aligns with a new French law aimed at combating the cost of living crisis, which imposes heavy fines on supermarkets that fail to agree on prices with suppliers by a set deadline. PepsiCo, which has been raising prices for seven consecutive quarters, cites higher costs for grain and cooking oil as reasons for the hikes, while also noting that price increases should soon align with inflation rates, which have been falling globally.

via NBC News|
##business-and-economy#carrefour
business-and-economy2 years ago

"Carrefour Halts Sales of Pepsi and Lay's Amid Rising Costs"

Carrefour, a major European supermarket chain, has begun removing PepsiCo products from its shelves in countries like France, Italy, Spain, and Belgium, citing "unacceptable" price increases. This move follows Carrefour's previous efforts to combat shrinkflation by adding warning labels to products that had reduced in size but increased in price. The dispute highlights ongoing tensions between retailers and suppliers over pricing in the face of inflation. PepsiCo is in discussions with Carrefour to resolve the issue, but has not publicly commented on the situation.

via Fox Business|
##business-and-economy#carrefour
business-and-economy2 years ago

"Carrefour Drops PepsiCo Snacks Including Doritos and Lay's Amid Price Dispute"

Carrefour, a major global supermarket chain, has removed PepsiCo products including Doritos, Lay's, and Quaker Oats from its stores in France and plans to extend this action to Belgium, Spain, and Italy due to what it calls "unacceptable price increases" by PepsiCo. Despite ongoing discussions, PepsiCo's price hikes have persisted for seven consecutive quarters, with the latest increase being 11%. These increases come amidst a broader context of "shrinkflation" and inflationary pressures, although recent reports indicate a slight easing of inflation and a decrease in food commodity prices on global markets.

via CBS News|
##business-and-economy#carrefour
business-and-economy2 years ago

"Carrefour Drops PepsiCo Brands Including Lay's and Doritos Amid Pricing Dispute"

Carrefour, a major European supermarket chain, has announced it will stop selling Pepsi products in France, Spain, Italy, and Belgium due to what it calls "unacceptable price increases." This decision impacts items like Pepsi soda, Doritos, and Quaker cereals. The move reflects broader concerns over rising food prices, with French food prices having increased by 7.1% in December year-on-year. PepsiCo has cited rising costs for its price increases and has engaged in "shrinkflation," reducing product sizes without equivalent price reductions. Carrefour has been vocal in opposing such practices. While negotiations continue, Pepsi products currently in stock will remain available for sale.

via BBC.com|
##business-and-economy#carrefour
business-and-economy2 years ago

"Carrefour and Leclerc Boycott PepsiCo Products Amid Price Surge"

French supermarket chain Carrefour has ceased selling PepsiCo products, including Pepsi, Lay's, Quaker cereals, and Lipton teas, due to what it calls "unacceptable price increases." The decision follows a period of negotiations and is part of a broader strategy by Carrefour to pressure major consumer goods companies to reduce prices, despite these companies facing increased costs for energy, commodities, and labor. Carrefour's CEO has criticized these companies for not cooperating to lower prices, even as global food commodity prices have dropped. The dispute reflects ongoing tensions between retailers and suppliers, with Carrefour also focusing on expanding its private-label products to offer more affordable options to consumers.

via CNN|
##business-and-economy#carrefour
business-and-economy2 years ago

"Carrefour Drops PepsiCo Brands Amid Soaring Prices"

Carrefour, one of the largest supermarket chains globally, has removed PepsiCo products from its stores in several European countries due to what it calls "unacceptable price increases." This decision affects popular items like Doritos, Lays, Pepsi, and 7-Up, among others. The move highlights the ongoing tension between retailers and food producers over rising prices amidst food inflation, particularly in France. Carrefour has accused manufacturers of keeping prices artificially high, while PepsiCo acknowledges the discussions with Carrefour and intends to continue negotiations in good faith. Despite the price increases, PepsiCo's revenue has grown, driven by these higher prices, even as their stock has slightly underperformed compared to the broader market.

via MarketWatch|
##business-and-economy#carrefour
business-and-economy2 years ago

"Carrefour Drops PepsiCo Brands Including Lay's Amid Price Hike Dispute"

Carrefour, a major global grocery chain, is removing PepsiCo products like Lay's and Doritos from its stores in France, Italy, Belgium, and Spain due to price increases. This decision reflects Carrefour's commitment to keeping prices low for consumers amidst rising food costs in Europe. PepsiCo, which relies on Europe for a significant portion of its revenue, is in ongoing discussions with Carrefour to resolve the issue. The move aligns with Carrefour's strategy to boost its private label sales, which are expected to represent 40 percent of its food sales by 2026.

via The Washington Post|
##business-and-economy#carrefour
business-and-economy2 years ago

"Carrefour Boycotts PepsiCo Goods in France Amid Price Hike Standoff"

Carrefour, France's largest supermarket chain, has stopped selling PepsiCo products, including Pepsi, Lay's, and 7-Up, due to what it considers "unacceptably" high prices amidst falling inflation rates. This action is part of a broader effort by French retailers, supported by the government, to pressure manufacturers into reducing food costs. Despite a general slowdown in inflation, food prices remain high, with a typical basket of groceries in France costing 7% more than the previous year. The French government, including President Macron, is actively seeking a reduction in food prices to alleviate the cost-of-living crisis, with Macron calling for a 5% decrease to reflect the drop in raw material costs. Other French retailers may follow Carrefour's lead, as the issue of high food prices persists in the country.

via The New York Times|
#business-and-economy#carrefour#france
business-and-economy2 years ago

"Carrefour Halts Sales of PepsiCo Products Amid Rising Price Dispute in France"

French retailer Carrefour has announced it will stop selling PepsiCo products, including Pepsi, Lay's, and 7up, due to what it calls "unacceptable price increases." This decision is part of a broader conflict between retailers and food manufacturers over pricing amidst inflation. Carrefour has been vocal in its efforts to combat price rises, even launching a "shrinkflation" campaign previously. The move reflects the tense price negotiations that are exacerbated by inflation, with France's regulated retail sector adding another layer of complexity. PepsiCo, which had planned modest price increases following strong demand, has not commented on Carrefour's decision.

via Reuters|
#business-and-economy#carrefour#inflation
business2 years ago

French Supermarket Chain Uses 'Shrinkflation' Labels to Shame Price-Gouging Brands

French grocery chain Carrefour has placed "shrinkflation" warning labels on products that have recently decreased in size but increased in price, in an effort to pressure suppliers to reconsider their pricing policies. The labels were added to items such as Lipton Iced Tea, Pepsi, Lindt chocolates, and baby milk powder. Carrefour marked 26 products with labels stating that the volume or weight had decreased while the supplier's price had risen. The move comes as brands prepare to negotiate their position with retailers. Shrinkflation, the practice of reducing product size without reducing the price, tends to occur in high inflation environments and is often unnoticed by consumers.

via CNBC|
#business#carrefour#consumer-awareness