Why carrefour close in Algeria?

There are a few reasons why Carrefour closed in Algeria.

* Economic factors: The Algerian economy has been struggling in recent years, with the global decline in oil prices hitting the country hard. This has led to inflation, unemployment, and a decrease in purchasing power. This made it difficult for Carrefour to remain profitable in the country.

* Competition: Carrefour faced intense competition from local retailers, as well as other international chains such as Casino and Monoprix. These competitors had a better understanding of the local market and were able to offer more competitive prices.

* Government regulations: The Algerian government has strict regulations on foreign investment, which made it difficult for Carrefour to expand its operations in the country.

As a result of these factors, Carrefour decided to close its stores in Algeria in 2020.