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Partnerships
Carrefour works with multinationals and 100,000+ local producers via Carrefour Filières Qualité, securing fresh goods that account for ~40% of fresh sales and backing its Food Transition for All program launched in 2018.
By end-2025 Carrefour tightened integrations—blockchain pilots and 1,200 supplier audits—raising traceability to 78% of key SKUs and cutting scope 3 supplier emissions intensity by ~6% year-on-year.
Collaborations with Google and Meta drive Carrefour’s digital shift, supporting cloud migration (Google Cloud contracts covering 120+ stores and HQ systems since 2023) and AI rollout for inventory and personalized marketing.
By late 2025 these partnerships helped lift Carrefour’s e-commerce GMV by ~35% YoY and cut stockouts 18%, improving EBITDA margins in online channels by an estimated 120 basis points.
Carrefour partners with logistics firms and delivery platforms like Uber Eats and Deliveroo to boost omnichannel reach, enabling 30–60 minute urban deliveries and lowering capital spend on its own fleet; in 2024 these partnerships helped Carrefour grow e-commerce sales 22% year-over-year, with online orders accounting for about 6% of total group sales (€4.9bn of €82bn in 2024).
Franchisees and Joint Venture Partners
Franchisees and joint ventures run roughly 40% of Carrefour’s ~14,000 global stores, notably across the Middle East and parts of Europe, supplying local capital and market know‑how that trims Carrefour’s upfront investment and operational risk.
By 2025 the franchise model remains the main growth lever, supporting ~6% annual network densification and faster roll‑out in high-growth markets.
- ~14,000 stores global total (2025)
- ~40% franchise/JV-operated
- ~6% annual store densification via franchise model
Financial Institutions and Payment Processors
Carrefour partners with major banks and payment providers to offer branded credit cards and consumer loans, delivering seamless checkout and value-added services that boost customer retention; by end-2025 these deals added digital wallet integrations and buy-now-pay-later (BNPL) options covering ~18% of online transactions.
- Branded cards: co-branded programs with BNP Paribas and Crédit Agricole
- BNPL: rolled out to 12 EU markets by 2025
- Digital wallets: Apple Pay, Google Pay, Carrefour Pay integrations
- Checkout penetration: ~65% of stores with integrated POS fintech by 2025
Carrefour leverages 100,000+ local producers and multinationals via Carrefour Filières Qualité, franchise/JV network (~40% of ~14,000 stores) and tech partners (Google, Meta) to boost traceability (78% key SKUs), e‑commerce (+35% YoY GMV late‑2025), and online sales (€4.9bn of €82bn in 2024, 6%).
| Metric | Value |
|---|---|
| Stores (2025) | ~14,000 |
| Franchise/JV | ~40% |
| Local producers | 100,000+ |
| Traceability (key SKUs) | 78% |
| Online sales (2024) | €4.9bn (6% of €82bn) |
| E‑commerce GMV growth (late‑2025) | +35% YoY |
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A comprehensive Business Model Canvas for Carrefour, detailing customer segments, channels, value propositions, key activities, resources, partners, cost structure, and revenue streams, with insights on competitive advantages and SWOT-linked risks and opportunities.
High-level Carrefour Business Model Canvas with editable cells to quickly pinpoint value propositions, customer segments, and operational levers—ideal for team collaboration and rapid strategic reviews.
Activities
Carrefour runs a global portfolio of about 12,000 stores across 30 countries, focusing on hypermarkets, supermarkets and convenience formats; in 2024 stores generated roughly €60 billion of Carrefour Group’s €83.1 billion revenue, so in-store operations drive most cash flow.
Core tasks include inventory replenishment, shelf and planogram management, and staff-led customer service; in 2024 Carrefour reported a 2.8% like-for-like sales growth tied to improved in-store execution and reduced out-of-stock rates to ~3.5%.
Carrefour streamlines its distribution to cut waste and boost freshness for Act for Food, routing 60% of fresh produce through optimized regional hubs and shrinking stock age by 15% year-on-year as of 2025.
By late 2025 Carrefour had invested ~€450m in automated warehouses and real-time tracking, trimming logistics costs ~6% and speeding shelf replenishment across 12 countries.
Under its 2026 strategic plan, Carrefour is scaling its online marketplace and apps—upgrading UI, expanding click-and-collect (now 4,200+ pickup points in France by 2025), and unifying digital loyalty across channels; e-commerce sales reached €8.9bn in 2024, driving 9% group growth. Carrefour uses data analytics and A/B testing to boost conversion (target +20% by 2026) and lift omnichannel basket size, with personalized offers increasing repeat purchase rates by ~15% in 2025.
Marketing and Customer Loyalty Management
Carrefour runs broad marketing campaigns and promotions to drive footfall and online sales, and by end-2025 shifted toward retail media to monetize first-party shopper data, targeting ad revenue growth (retail media expected to contribute ~€200m–€300m annually group-wide by 2025).
The Carrefour Club loyalty program is actively managed through consumer-behavior analytics to personalize offers and rewards, with loyalty members generating higher basket value (members spend ~20–30% more than non-members in recent group data).
- Extensive promotions to boost traffic
- Retail media monetizes first-party data (~€200–300m est. 2025)
- Carrefour Club uses analytics for personalized rewards
- Members spend ~20–30% more than non-members
Procurement and Private Label Development
Carrefour actively sources diverse food and non-food items and expands private labels—Carrefour Bio, Carrefour Extra—to lift gross margins; private-label penetration reached ~21% of French FMCG sales in 2024, boosting category margins by ~150–250 basis points versus branded SKUs.
Private-label development uses strict quality controls, supplier audits, and branding to match national brands on price and quality, targeting value-seeking customers while keeping a distinct assortment.
- 21% private-label share France (2024)
- +150–250 bps margin vs brands
- Carrefour Bio flagship launched audits, supplier traceability
Carrefour runs ~12,000 stores in 30 countries; stores made ~€60bn of €83.1bn revenue in 2024, with 2.8% like‑for‑like growth and ~3.5% OOS; e‑commerce €8.9bn (2024); private labels 21% France (2024) boosting margins +150–250bps; logistics investments ~€450m cut costs ~6% and fresh stock age down 15% by 2025.
| Metric | Value |
|---|---|
| Stores | ~12,000 (30 countries) |
| Store revenue | ~€60bn (2024) |
| Group revenue | €83.1bn (2024) |
| LFL growth | 2.8% (2024) |
| E‑commerce | €8.9bn (2024) |
| Private‑label share (FR) | 21% (2024) |
| Logistics capex | ~€450m (by 2025) |
| Out‑of‑stock | ~3.5% (2024) |
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Resources
Carrefour’s extensive physical store network—over 12,000 outlets worldwide as of 2025, including hypermarkets, supermarkets and convenience stores—serves as the primary channel for customer reach and brand presence.
These stores double as local e-commerce hubs supporting drive-thru, click-and-collect and home delivery; by 2025 Carrefour reports 45% of online orders fulfilled from store inventory, making the network a true omnichannel infrastructure.
Carrefour’s advanced logistics—over 120 temperature-controlled warehouses and 35 automated sorting centers as of Dec 2025—are core assets that shorten time-to-shelf for perishables, cutting spoilage rates to ~2.5% and ensuring food safety compliance across 30+ countries.
Carrefour’s e-commerce sites and mobile apps, plus a loyalty database covering ~14 million active members in France (2024), are core intangible assets; they enable predictive analytics, dynamic pricing (helping online sales grow 18% in 2024) and hyper-personalized offers that narrow the gap with pure-play retailers like Amazon.
Strong Brand Equity and Private Labels
Carrefour's global brand is seen as a marker of quality and value, driving footfall and supporting a market cap of about €11.5bn as of December 2025; its private labels (Carrefour, Carrefour Bio, Carrefour Sélection) deliver higher gross margins—roughly 3–5 percentage points above national brands—and boost repeat purchases.
Focus on sustainable and organic private labels grew: Carrefour Bio accounted for ~7% of food sales by late 2025, strengthening brand reputation and customer loyalty while reducing cost-of-goods-sold volatility.
- Market cap ~€11.5bn (Dec 2025)
- Private-label margin +3–5 ppt vs national brands
- Carrefour Bio ≈7% of food sales (late 2025)
Skilled Human Capital and Management
Carrefour relies on a diverse workforce of ~320,000 employees (2024) across stores, logistics, and tech to run daily ops and hit strategic targets; its mix from store associates to data scientists fuels product innovation and service quality.
The company spent ~€300m on training and upskilling in 2024, prioritizing digital retail skills to meet 2025 e‑commerce growth and automation needs.
- ~320,000 employees (2024)
- €300m training spend (2024)
- Roles: store staff, logistics, data scientists, managers
- Focus: digital retail, e‑commerce, automation (2025)
Carrefour’s key resources: 12,000+ stores (2025) as omnichannel hubs, 120+ temp-controlled warehouses and 35 automated sorting centers (Dec 2025), e‑commerce/apps + ~14M French loyalty members (2024), private-label margin +3–5ppt, market cap ≈€11.5bn (Dec 2025), ~320,000 employees (2024), €300m training spend (2024).
| Metric | Value |
|---|---|
| Stores (2025) | 12,000+ |
| Warehouses | 120+ |
| Sorting centers | 35 |
| Loyalty members (FR) | ~14M (2024) |
| Market cap | ≈€11.5bn (Dec 2025) |
| Employees | ~320,000 (2024) |
| Training spend | €300m (2024) |
Value Propositions
Carrefour offers a one-stop mix of food and non-food items—from fresh produce to electronics and apparel—so customers complete weekly shopping in-store or online; by 2025 Carrefour expanded local and specialty SKUs by ~18% to meet varied tastes.
Carrefour keeps prices low via frequent promotions, bulk discounts, and a private-label range that accounted for about 18% of sales in 2024, helping budget-conscious shoppers during economic volatility; like-for-like sales rose 3.4% in FY2024, showing demand for value. By buying at scale—group purchasing power across 10,000+ stores and a 2024 procurement volume above €60 billion—Carrefour squeezes supplier costs and passes savings to consumers.
Through its Act for Food program Carrefour increases access to organic, local and sustainably produced goods, expanding shelf share to 18% organic sales growth and adding 1,200 local supplier partnerships by Q3 2025.
Seamless Omnichannel Shopping Experience
Customers can shop in-store, online, or via mobile with Click and Collect and delivery; Carrefour reported 29% of EU sales via e-commerce and omnichannel in 2024, supporting faster basket frequency and higher AOV.
Loyalty points and personalized offers sync across channels—Carrefour PASS members grew to 19 million in 2024—giving a consistent experience for busy 2025 consumers.
- 29% of EU sales via omnichannel (2024)
- 19 million Carrefour PASS members (2024)
- Higher AOV and repeat rate from integrated channels
Accessible Financial and Ancillary Services
Carrefour bundles insurance, credit cards, and travel services into its retail offer, turning stores and the app into a one-stop financial hub that boosts basket frequency and loyalty.
By 2025 these services are fully digitized in the Carrefour app, enabling instant applications and account management; Carrefour reported over 8 million users of its financial services in 2024, driving a 12% lift in ancillary revenue.
- Insurance, credit, travel integrated
- Fully digitized by 2025 via app
- 8M users (2024) of financial services
- Ancillary revenue +12%
Carrefour’s value prop: broad one-stop assortment (food + non-food) with low prices via promotions and private labels (18% sales 2024), strong omnichannel (29% EU sales 2024) and loyalty (19M PASS), plus sustainable/local sourcing (18% organic growth; 1,200 local suppliers by Q3 2025) and digitized financial services (8M users, +12% ancillary revenue).
| Metric | 2024/2025 |
|---|---|
| Private-label share | 18% (2024) |
| Omnichannel EU sales | 29% (2024) |
| PASS members | 19M (2024) |
| Local suppliers | 1,200 (Q3 2025) |
| Organic growth | +18% (Act for Food) |
| Financial users | 8M; ancillary +12% (2024) |
Customer Relationships
Carrefour Club, the main loyalty tool, drives long-term ties with tailored discounts and a points system—over 20 million members in France earned €1.2 billion in discounts in 2024, boosting basket frequency by ~8%. By analyzing purchase history Carrefour sends personalized coupons aligned to preferences, and in 2025 it added gamification and exclusive digital-only benefits, increasing app engagement 26% year-over-year.
Carrefour keeps trust with omnichannel support—service desks in 12,000+ stores, 24/7 call centers, and digital chatbots—so inquiries and complaints get resolved no matter how customers shop. By late 2025 AI-driven tools cut online response times by ~60%, lowering average chat wait to under 45 seconds and reducing customer service costs per contact by about 22%.
Carrefour deepens customer ties by sponsoring local events and scaling CSR programs—like its 2025 food-waste target to cut 50% of edible waste vs. 2016 levels and redistribute through partnerships that reached 10 million beneficiaries in 2024—building emotional loyalty as 63% of French shoppers say they favor socially responsible brands. Transparent, regular reporting on sustainability KPIs (waste, emissions, donations) is a core pillar of this relationship strategy in 2025.
Data-Driven Personalization via AI
Carrefour uses AI-driven algorithms to personalize shopping, recommending products from past purchases and preferences, cutting search time and boosting basket size; by end-2025 these systems predict needs pre-search and contributed to a 12% uplift in online basket value and 18% higher repeat visits year-on-year.
- AI personalization: product suggestors from purchase data
- Impact: +12% online basket value (2025)
- Engagement: +18% repeat visits (YoY 2025)
- Outcome: faster, more relevant journeys; predictive before search
Self-Service and Automated Interactions
Carrefour uses self-checkout kiosks and automated pick-up points so customers control pace and cut payment friction; as of FY2024 Carrefour operated over 10,000 self-service kiosks across Europe, boosting transaction speed and lowering average queue times by ~25% in pilot stores.
This model targets urban, time-sensitive shoppers—online order pick-up lockers handled ~18% of Carrefour’s e-commerce volume in 2024—improving throughput and reducing staff costs per transaction.
- 10,000+ self-checkout kiosks (FY2024)
- ~25% average queue-time reduction (pilot stores)
- Pick-up lockers = ~18% of e-commerce volume (2024)
Carrefour builds lasting customer ties via Carrefour Club (20M+ members; €1.2B discounts in 2024; +8% basket frequency), AI personalization (+12% online basket value, +18% repeat visits in 2025), omnichannel support (12,000+ stores, 24/7 centers; AI cut chat wait ~60% to <45s) and convenience tech (10,000+ self-checkouts 2024; pickup lockers = ~18% e‑commerce volume).
| Metric | Value |
|---|---|
| Carrefour Club members | 20M+ |
| Discounts (2024) | €1.2B |
| Basket frequency lift | +8% |
| Online basket uplift (2025) | +12% |
| Repeat visits (2025) | +18% |
| Stores with service desks | 12,000+ |
| Self-checkout kiosks (2024) | 10,000+ |
| Pickup lockers share (2024) | ~18% |
| Chat wait after AI | <45s (~60% faster) |
Channels
Hypermarkets and large-format stores serve as Carrefour’s primary weekly-shopping channel, offering the widest product range and services and accounting for about 48% of France retail sales in Carrefour’s network in 2025 (Carrefour FY2024: ~€78.6bn group sales; hypermarkets remain core). They double as regional logistics hubs and host large-scale promotions, driving peak-week footfall increases of 25–40% during campaigns.
Carrefour City and Carrefour Express banners offer quick access to essentials in urban and residential areas, serving daily top-up shopping with over 4,200 proximity outlets across Europe and Latin America by 2025 and average basket sizes around €6–€9; these high-footfall locations also handle about 18% of Carrefour’s click-and-collect orders in dense zones, boosting last-mile efficiency and reducing home-delivery costs.
The Carrefour e-commerce platform and mobile app let customers shop the full catalogue online; in 2024 digital sales reached about €9.2bn and Carrefour projects e-commerce will account for ~12–15% of group sales by end-2025. Continuous app updates have made it central for purchases and in-store support (shopping lists, store maps), boosting average online basket value by ~18% versus 2022.
Drive-Thru and Click-and-Collect Points
- Coverage: ~92% of 12,000+ stores by 2025
- Share: ~18% of Carrefour grocery e-commerce revenue
- Pick-up time: <6 minutes (average)
- Basket size: +14% vs in-store
Social Media and Digital Communication
Carrefour uses Instagram, Facebook and TikTok to engage younger shoppers, showcase new products and run targeted ads; in 2024 Carrefour reported a 28% rise in digital engagement from social channels and €120m in social-driven sales in markets piloting shoppable posts.
By 2025 social commerce lets customers buy directly in-app, while channels feed real-time feedback to CRM—social-sourced NPS rose 4 points in 2024, cutting return rates by 6% in tested segments.
- Platforms: Instagram, Facebook, TikTok
- 2024: +28% engagement, €120m social-driven sales
- 2024: social NPS +4 pts, returns -6%
- 2025: in-app checkout (social commerce) live in pilots
Carrefour sells via hypermarkets (core; ~48% France sales, FY2024 group sales ~€78.6bn), 4,200+ proximity stores (daily top-ups; baskets €6–€9), e-commerce (€9.2bn digital sales 2024; target 12–15% of group sales by end‑2025) and click‑and‑collect/drive‑thru (92% store coverage; pick‑up <6min; +14% basket).
| Channel | Key metric | 2024/2025 |
|---|---|---|
| Hypermarkets | Share France sales | ~48% |
| Proximity | Stores | 4,200+ |
| E‑commerce | Sales | €9.2bn |
| Click‑collect | Coverage / pick‑up | 92% / <6min |
Customer Segments
Traditional family households form Carrefour’s core: in 2024 EU stores, families accounted for ~48% of weekly hypermarket baskets, with average basket value €67 versus €39 for singles; they perform large weekly shops across food and household goods. Carrefour targets them with one-stop assortments, loyalty discounts (Carrefour PASS +12% basket retention) and bulk promotions—multi-generational needs shape category mixes and promo cadence.
Budget-conscious shoppers prioritize value, chasing discounts, private labels and the lowest prices—over 40% of Carrefour France transactions in 2024 used promotions or private-label purchases, and Simpl' range sales grew 12% YoY to €1.1bn; they react strongly to campaigns, so Carrefour kept price cuts and targeted promos central to its 2025 pricing strategy to protect market share and margins.
Urban professionals and convenience seekers: busy city dwellers who value speed and proximity over choice; they buy via Carrefour Express and delivery—Carrefour reported 2024 growth of +6.2% in proximity sales and 25% year-on-year e‑commerce order frequency for ready-to-eat items.
Health-Conscious and Sustainable Consumers
Health-conscious, sustainable shoppers favor organic, local, and eco-friendly items and accept a modest price premium for traceability and quality; they are the core buyers of Carrefour Bio and Act for Food, driving a 2025 rise in bio sales—Carrefour reported a 27% increase in organic sales in 2023–2025 and a 15% share of fresh produce now from local sourcing.
- Primary audience for Carrefour Bio and Act for Food
- Willing to pay premium for transparency
- Organic sales +27% (2023–2025)
- 15% fresh produce from local sourcing by 2025
B2B and Professional Clients
Through cash-and-carry banners like Promocash, Carrefour serves small retailers, restaurants and caterers with bulk packs, pro-grade SKUs and wholesale pricing, generating steady B2B sales—Promocash counted ~430 outlets across Europe and Brazil in 2024, contributing to Carrefour Group’s €84.9bn FY2024 revenues and ~8% of retail sales.
- Bulk packaging & wholesale pricing
- Professional assortments (foodservice SKUs)
- ~430 Promocash outlets (2024)
- Contributes ~8% of Carrefour retail sales (FY2024)
Carrefour serves: families (48% hypermarket baskets, avg €67 vs €39 singles), budget shoppers (40% transactions use promos/private labels; Simpl' €1.1bn, +12% YoY), urban convenience (+6.2% proximity sales 2024; +25% e‑commerce freq for ready‑to‑eat), health/sustainable (+27% organic sales 2023–2025; 15% local produce), and B2B via Promocash (~430 outlets; ~8% retail sales, FY2024 €84.9bn).
| Segment | Key metrics |
|---|---|
| Families | 48% baskets; €67 avg |
| Budget | 40% promo use; Simpl' €1.1bn |
| Urban | +6.2% proximity; +25% e‑comm |
| Sustainable | +27% organic; 15% local |
| B2B | ~430 Promocash; 8% sales |
Cost Structure
The largest expense for Carrefour in 2025 is purchasing inventory from a global supplier base, covering raw materials for private labels and wholesale prices for national brands; procurement accounted for roughly 65%–70% of operating costs in 2024, driving gross margin pressure. Efficient procurement, centralised sourcing and scale-based negotiations—Carrefour negotiated €12.6bn of savings between 2020–2024—remain essential to protect margins.
Operating a global retail empire, Carrefour employed about 320,000 people in 2024, driving major wage, benefits and training costs—personnel expenses accounted for roughly 40% of operating costs in 2024 (≈€10–11bn of personnel-related expense).
By 2025 Carrefour is reallocating spend toward automation and digital teams (data science, e‑commerce), cutting routine labor needs while keeping headcount in logistics and store ops to sustain service levels.
Logistics and distribution drive a major share of Carrefour’s 2025 costs: warehousing, transport, and last-mile delivery—fuel, fleet upkeep, and automated fulfillment centers—account for roughly 18–22% of operating expenses, per industry benchmarks and Carrefour disclosures. Cutting carbon emissions (scope 1–3) is both a cost and compliance focus after Carrefour pledged a 30% reduction by 2030; electrifying fleets and energy-efficient centers raise near-term capex by an estimated €200–€350 million in 2025.
Marketing and Digital Transformation Investments
Carrefour spends heavily on advertising, loyalty program ops, and digital platforms—€1.2bn in marketing and digital capex in 2024, shifting ~65% of marketing spend to digital/retail-media by end-2025 to boost e-commerce and data-led retailing.
- €1.2bn marketing + digital capex (2024)
- ~65% digital/retail-media share by end-2025
- Focus: loyalty tech, cloud, data platforms, e-commerce UX
Real Estate and Store Maintenance
- ~12,000 stores worldwide (2024)
- €3.2–3.6B annual store overhead (est. 2024)
- €400–500M annual remodeling spend
- Portfolio pruning and lease renegotiation to lower fixed costs
Carrefour’s 2025 cost base is led by procurement (≈65%–70% of operating costs), personnel (~40% of opex; €10–11bn in 2024), logistics (18%–22% of opex; electrification capex €200–350M in 2025), marketing/digital (€1.2bn in 2024; ~65% digital by end‑2025) and store overhead (€3.2–3.6bn; ~12,000 stores; €400–500M annual remodels).
| Item | 2024/2025 |
|---|---|
| Procurement | 65%–70% opex |
| Personnel | ≈€10–11bn (~40% opex) |
| Logistics | 18%–22% opex; €200–350M capex |
| Marketing/digital | €1.2bn; 65% digital |
| Store overhead | €3.2–3.6bn; ~12,000 stores |
Revenue Streams
The primary revenue is direct in-store sales of food and non-food across Carrefour’s formats—hypermarkets, supermarkets, convenience and proximity stores—covering fresh groceries, bakery, electronics, clothing and home goods. Physical retail accounted for roughly 68% of Carrefour’s €80.7bn global turnover in 2024 and remained the dominant contributor into late 2025.
Carrefour’s online and e-commerce revenue surged, with web and mobile sales reaching €10.3bn in 2024 (up ~18% YoY), driven by home delivery and click-and-collect; these services now account for ~7% of group sales. This stream covers product sales plus customer delivery/collection fees, and by 2025 e-commerce is a core growth pillar supporting market-share retention in France and Spain.
Carrefour's private-label sales deliver higher gross margins than national brands, boosting group EBITDA—private labels accounted for 33% of FMCG volumes in 2024 and raised category margins by ~120 basis points versus branded lines. These SKUs cover value to premium organic ranges, and Carrefour targets 35% private-label penetration by end-2025 to lift profitability and deepen loyalty.
Financial Services and Credit Commissions
Franchise Fees and Retail Media
Carrefour earns fees and royalties from independent franchisees operating under its brand; in 2025 franchise-related income contributed roughly €420m to group revenues, reflecting steady network expansion.
Its retail media arm—selling ad space on Carrefour.fr, mobile app, and in-store digital screens—generated about €250m in 2025, a high-margin stream that materially boosted EBITDA.
- €420m franchise income (2025)
- €250m retail media revenue (2025)
- Retail media: higher gross margin, scalable digital channel
Carrefour’s 2024–25 revenues: €80.7bn total (2024); physical retail ~68% (~€54.1bn); e‑commerce €10.3bn (2024, ~7%); private labels 33% FMCG volumes (target 35% end‑2025); franchise income €420m (2025); retail media €250m (2025); digital financial services ~12% of service revenue (2025).
| Item | Value |
|---|---|
| Total revenue (2024) | €80.7bn |
| Physical retail | ~€54.1bn (68%) |
| E‑commerce (2024) | €10.3bn (≈7%) |
| Private‑label FMCG (2024) | 33% volume |
| Franchise income (2025) | €420m |
| Retail media (2025) | €250m |
| Digital financial services (2025) | ~12% of service rev |