Carrefour Q4 sales growth slows as France lags

Sivignon:

PARIS: Carrefour, the world’s second-largest retailer, said sales growth slowed in the fourth quarter, reflecting a weaker performance in its core French market where hypermarket stores suffered in a persistently difficult environment.

In Brazil, the group’s second-largest market after France, business was resilient despite a slowing economy, while sales elsewhere in Europe, notably Spain, posted solid growth.