Carrefour to open 100 convenience stores in Malaysia

Carrefour has announced its intentions to open 100 convenience stores in Malaysia, focusing particularly on the company’s private-label brands, according to Malaysia Food and Drink Report.

This is a significant strategic shift for the French retail giant, however, with value sales through convenience outlets forecast to grow 52.6 per cent to reach US$350million in 2013 in Malaysia, it would seem a sound decision. Rumours have also been circulating that Tesco is to expand further into the Malaysian convenience sector. The company has not ruled this out but at confirmed this quarter that its strategy remains focused on expansion in the profitable hypermarket sector.