French retailer Carrefour exists Indonesia in €525m deal

French retail major Carrefour SA (EPA:CA) on Tuesday announced a EUR525m (USD671.5m) deal to sell the 60% stake it holds in its Indonesian unit to local partner CT Corp, as part of an ongoing strategy to focus on core operations.

This deal will see CT Group becoming the sole owner of Carrefour Indonesia and Carrefour’s exclusive franchisee in this market, the vendor said. The French group expects CT to successfully develop the Carrefour brand in Indonesia and to enhance its position in the country.

A partnership agreement sealed in April 2010, gave CT a 40% interest in Carrefour Indonesia. Carrefour set foot on this market in 1998 and now has 84 outlets in the country, generating net sales of EUR1bn last year, it said.

Subject to securing anti-trust approvals in Indonesia, the deal is expected to wrap up in January 2013.

Carrefour runs 9,900 stores in 30 countries, claiming the top position among the European retailers and the second place in the global sector.

Consumers shop in-store online

According to a study by Accenture (NYSE: ACN) Interactive, nearly three out of four (72 percent) of consumers aged 20-40 in the United States and the United Kingdom use mobile devices while in-store to compare prices, but the majority leave before making a purchase.

According to a study by Accenture (NYSE: ACN) Interactive, nearly three out of four (72 percent) of consumers aged 20-40 in the United States and the United Kingdom use mobile devices while in-store to compare prices, but the majority leave before making a purchase.

The research also shows that while consumers in this age group are concerned about online privacy, they will permit retailers to track their shopping behavior to personalize their shopping experience.

More than half (52 percent) of the 2,000 consumers surveyed in each country believe that in-store prices are higher than online prices. While 60 percent say that online prices entice them to visit a store where they can compare prices and view merchandise up close, 48 percent still go home to buy the products from that retailer online, but 32 percent buy products online from a different retailer. Only 20 percent make their final purchase in-store.

The Accenture Interactive survey aimed to determine which shopping channels are used most frequently, how consumers move between channels, how social media influences purchasing decisions and the value consumers place on price, privacy and personalized shopping experiences.

The consumer survey was conducted by Coleman Parkes on behalf of Accenture Interactive. It was carried out online in August of 2012 with 2,000 consumers in the United States and the United Kingdom. Participants were split equally between males and females between 20 and 40 years of age, and the survey recorded ethnicity and socio-demographics.

Accenture is a global management consulting, technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries. The company’s website is at www.accenture.com.