Carrefour Strategy Update: Reinventing the Hypermarket

LONDON, September 17, 2010 - Carrefour has unveiled plans to reinvent its hypermarkets and turn them
into "destination stores".

The world's second largest retailer has revealed to analysts how it will
remodel its 500 hypermarkets across Europe, bringing in new designs, services
and technologies for its customers.

In a video interview with financial news website www.cantos.com,
CEO Lars Olofsson gave a detailed breakdown of the new format - Carrefour
Planet - as well as an update on the Group's transformation plan and targets
for the future.

Carrefour will invest around 1.5 billion euros over two and a half to
three years but Mr Olofsson expects "a sales increase of around 18% over the
coming three to four years".

You can watch the interview for free, as well as follow a virtual store
visit of one of the new hypermarkets, at cantos.com/company/carrefour.

Cantos.com, the online financial broadcaster, features in-depth
interviews, documentaries and webcasts with senior company executives. If you
would like to contact us, please email amanda.alexander@cantos.com or phone
+44-207-936-1352.

If you would like to contact us, please email amanda.alexander at cantos.com or phone +44-207-936-1352.