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Israeli Prime Minister Benjamin Netanyahu hails the event as “gigantic news,” saying the increased competition will bring down prices by “dozens of percent.” ....
JNS.org - French supermarket giant Carrefour officially opened 50 branches across Israel on Tuesday. The international retail chain’s entry into Israel is expected to increase competition and lower prices for the consumer. Carrefour will run three types of branches in Israel: neighborhood stores called Carrefour City, minimarket stores dubbed Carrefour Market and larger discount stores ....
Basket of goods of Carrefour-branded goods is 60% cheaper versus basket of comparable goods by local competitors, according to retailer; analyst sees prices continuing to rise ....