Financialization of the Large Retailers

Benquet, Marlène

Financialization of the Large Retailers - 2016.


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This article explores the contemporary transformations of the modern retailing sector through a study of the trajectory of the Carrefour group during the first decade of the twenty-first  century. The perspective adopted is the perspective of financialization. I show how the restructuring of stock ownership has fueled a new profit strategy, which has negatively impacted operations, the wage-labor nexus, and relations with stakeholders. This analysis is based on descriptive financial and operational statistics and semi-structured interviews of top managers, managers, and workers of Carrefour.

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