Carrefour looking at acquisitions in Russia
Krasnodar, Russia Carrefour has launched a second Russian store with a pledge to pursue acquisitions in the country, according to Reuters.
The French retailer opened its debut hypermarket in Moscow in June, during Russia’s first recession in a decade, and plans to open one more outlet, in the city of Lipetsk, this year.
“For Carrefour, [the] Russian retail market has outstanding long-term potential, said Carrefour Russian director Jacobo Caller. “Despite the crisis, we are not going to change our long-term vision of this country. With Brazil, India and China, Russia is one of the priorities in the long-term expansion of Carrefour.”
Carrefour has long been linked with a takeover bid for Russian grocer Seventh Continent.
Caller didn’t comment when asked about Seventh Continent, but said Carrefour would not limit itself to organic growth in Russia, where it is targeting a top-three market position.
“We are looking for different opportunities in Russia. That includes, of course, the possibility of acquisitions of companies,” Caller said. “At the moment, we have no deal on the table. But I insist that mergers and acquisitions are one of the possibilities.”
He added that Carrefour would present its strategy for the next three years in Russia in two months’ time.
Walmart lends a helping hand to Hispanics’ education
BENTONVILLE, Ark. Walmart is celebrating Hispanic Heritage Month Sept.15 – Nov. 1 by launching the “La Mejor Herencia es una Buena Educacion” national campaign.
The campaign is designed to ensure that those still underserved receive information and assistance necessary to gain access to a higher education. The campaign includes TV, radio, print and online advertising, enhancement of www.AhorraMasViveMejor.com and education-focused Walmart foundation grants.
AhorraMasViveMejor.com functions as a portal for parents and students interested in pursuing a college degree. Information and tools related to standardized tests and college placement exams, scholarship and financial aid, steps on choosing a college and tips on writing admission essays can be found in both English and Spanish. The site will be accessible throughout the year.
In addition to these programs, Walmart’s other Hispanic Heritage Month initiatives include a partnership between Sam’s Club and the U.S. Hispanic Chamber of Commerce to assist small business owners interested in strengthening their businesses. The nationwide contest, “Como Si,” will award 10 winners with a visit to Sam’s Club corporate headquarters in Bentonville, Ark. to learn practical tips on incorporating technology into their businesses, while improving their bottom line. The contest runs from Sept.15 to Oct. 15.
Please visit www.comosidoingbusinesstoday.com for more information.
Walmart gets into family night
Walmart announced that throughout the month of September it will feature a new Family Night Center in its stores.
The Family Night Centers will include games, such as “Candy Land,” “Jenga” and “Monopoly” ranging from $8 to $18, family movies, such as Camp Rock and The Chronicles of Narnia: the Lion, the Witch and the Wardrobe, for $10 a pop, as well as a variety of snacks.
“With busier schedules and kids heading back to school, now is a great time to provide a dedicated place in our stores to give mom the savings and ideas to create fun, quality time for her family this fall,” said Laura Phillips, chief toy officer and SVP entertainment for Walmart. “Our Family Night Center is designed to provide an easy way to quickly design a complete family night experience.”