Carrefour, a leader in the hypermarket sector in Europe, is shifting its focus to smaller urban stores in Spain as part of its strategic plan until 2030. This plan, unveiled by CEO Alexandre Bompard, outlines a net opening of 750 new establishments, indicating a significant strategic pivot towards smaller retail formats.

Identifying Spain as a key market alongside France and Brazil, Carrefour aims to maintain its second position in market share over the next five years. The company's strategy comes in the wake of its exit from the Italian market, utilizing resources and investment to boost its operations in Spain, which it regards as a priority for growth.

The planned expansion reflects industry trends favoring smaller, more accessible retail formats that cater to urban consumers. As Carrefour implements this strategy, it not only seeks to enhance its market share but also demonstrates an adaptation to evolving consumer behaviors and preferences in the retail sector.