Carrefour to open 15 stores across Kazakhstan

14/07/2015

CarrefourFrench supermarket chain Carrefour is to open its first store in Kazakhstan in Almaty in October with 15 more stores to follow over the next 5 years. “The market is quite narrow, and there are not a lot of strong and stable players [with the exception] of Magnum,” de Buro real estate consultant Beimhan Muratbek told Forbes.kz “The market is not saturated and in any case Carrefour and Magnum offer different retail formats.” Kazakhstan’s relatively small population and the country’s vast geographical spread were going to be Carrefour’s biggest challenges, he predicted. 

Source: forbes