S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Troubled Retail Giant Carrefour Picks New CEO

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Carrefour is not as large as Walmart but it is large enough to be a proxy for retail sales in its home market of Europe. And, Europe is done badly

Carrefour appointed a new CEO. Whether that will help it overcome slow growth is debatable. Walmart has suffered from poor growth in its home market–the US–for years, mostly due to an increase in competition and possible market saturation.

According to Reuters

Carrefour SA (CA) appointed Vivarte SA Chief Executive Officer Georges Plassat as CEO, ending Lars Olofsson’s three-year reign that saw shares of the world’s second-largest retailer fall 24 percent

Interestingly enough, Walmart has underperformed the S&P over the same period. Its share are up 6% and the S&P is up 46%

 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

At 59, Tapping a $1.5 Million 401(k) First Could Trigger $55,000 in Penalties and Taxes
Drew Wood |

At 59, Tapping a $1.5 Million 401(k) First Could Trigger $55,000 in Penalties and Taxes
Suze Orman to 50-Year-Old With $33K Divorce Debt Eyeing 401(k) Withdrawal: 'Don't Do It.'
Joel South |

Suze Orman to 50-Year-Old With $33K Divorce Debt Eyeing 401(k) Withdrawal: 'Don't Do It.'

Continue Reading

Douglas A. McIntyre |

EU’s Big Retailer Cuts Forecasts Again

Carrefour is the largest retailer in Europe and the second largest in the world. Like Walmart (NYSE: WMT), it has…
10 Stores Like Walmart: Best Alternatives and Affordable Options
Aaron Webber |

10 Stores Like Walmart: Best Alternatives and Affordable Options

So, you’ve decided to stop shopping at Walmart (NYSE: WMT | WMT Price Prediction). Whatever your reason for doing so,…
Douglas A. McIntyre |

Will Walmart (WMT) Fail In India?

Walmart (NYSE: WMT) has waited for years to gain the ability to have 100% ownership in a large retail company in India.…
Douglas A. McIntyre |

Where Are Walmart’s Customers Going?

An improving job market has not helped Walmart's sales. Has the jobs recovery has hidden a lack of consumer spending…
Douglas A. McIntyre |

Are Amazon’s Earnings Bad News for Walmart?

Amazon.com's earnings could be read two ways by followers of Walmart's numbers.
Douglas A. McIntyre |

What’s Important in the Financial World (11/30/2011) Zynga IPO, IMF to Save Italy

Europe may only have a week to rescue itself from financial disaster. The borrowing costs of Italy and Spain have…
Walmart Continues to Struggle as Market Rejects Strategy
Douglas A. McIntyre |

Walmart Continues to Struggle as Market Rejects Strategy

Walmart Inc. (NYSE: WMT), the world’s largest retailer, cannot get traction with shareholders. Despite deep troubles with its primary rival,…
Douglas A. McIntyre |

Walmart Muscles into the Holidays

courtesy of Wal-Mart StoresWal-Mart Stores Inc. (NYSE: WMT) has decided to increase the ante as it tries to take sales…
Walmart vs Amazon
Douglas A. McIntyre |

Walmart vs Amazon

Walmart stock is up handily in the past year, but not nearly as much as that of its primary rival,…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618