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Carrefour closes Jordan branches amid boycott over 'Israel' support

By Al Mayadeen English
Source: Agencies
5 Nov 2024 18:31
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Carrefour chain stores closed all branches in Jordan following popular boycott campaigns that targeted a number of brands due to their support for the Israeli occupation in its aggression on Gaza and Lebanon.

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The Carrefour chain announced it will close all branches in Jordan following popular boycott campaigns against brands supporting the Israeli occupation in its actions against Gaza and Lebanon.

In an official statement on its Facebook page, Carrefour Jordan confirmed it would cease all operations in the Hashemite Kingdom of Jordan. It apologized for any "inconvenience this decision may cause."

The boycott movement described the decision as a "victory for the Jordanian people over supporters of terrorism," asserting that Carrefour was "forced to leave the Jordanian market, expelled and isolated."

The movement further emphasized that "the work is not over" and called for intensified boycott campaigns to isolate and defeat the Zionist project.

Starbucks faces global sales dip in July-September quarter

In a similar context, Starbucks reported late in October a seven percent decline in global sales for the July-September period, marking its third consecutive quarter of shrinking sales, as per Anadolu.

For the full fiscal year ending on 29 September, the company’s global comparable store sales dropped by two percent.

Earnings per share decreased by 2% year-over-year, falling to 80 cents, while consolidated net revenues dipped three percent to $9.1 billion.

Newly appointed CEO Brian Niccol acknowledged the need for a "fundamental change" within the company as Starbucks suspended its annual forecast for the upcoming fiscal year. In a press release, Starbucks cited a significant drop in customer traffic, a cautious consumer climate, and underperforming investments as key reasons for the lower-than-expected results.

Additionally, challenges in China’s economic and competitive landscape have added further pressure on the company’s performance.

Chief Financial Officer Rachel Ruggeri mentioned that despite increased investment, the coffee chain saw no significant improvement in customer traffic.