Carrefour growth down to Brazil
In France, still worth more than 45% of company sales, sales dropped another 0.7%.
The fact that Carrefour still witnessed growth in the past quarters, is almost completely due to Latin America (+14%). In Brazil sales grew organically with 13.3% and in Argentina with 16.5%, but the devaluation of the Brazilian real and the Argentinian peso causes some trouble for the company.
In China sales rose by 2.4% thanks to the opening of new stores, but on a comparable basis there was a drop of 2.3%.
Source: retaildetail.eu
