Hyparlo, the hypermarket group, has shrugged off difficult trading
conditions in France to report a 4.4 per cent increase in sales for
2002. The results were boosted by good performances outside France
The devaluation of the Brazilian and Argentine currencies has taken
its toll on full-year sales at French retailer Carrefour, but the
company has maintained its profit forecast as a result of steady
growth in sales at constant exchange...
French retail rivals Carrefour and Auchan have both announced
developments for their foreign subsidiaries. In Spain, Carrefour
has sold 45 Champion supermarket outlets, while in the US, Auchan
will close its two Texan hypermarkets...
A five-fold increase in the number of daily orders has prompted
Carrefour to invest in new facilities for its home delivery
business in Spain. But the unit is yet to make a profit, and
persuading consumers outside of Madrid to buy...
Exchange rate declines, in particualr from Brazil and Argentina,
led to a 1.5 drop in third quarter sales at Carrefour, but sales at
constant currency rates were up 5.6 per cent, a figure the French
group preferred to highlight.
After acquisitions in Italy and Belgium, and reorgansiation in
Greece, Europe's leading retailer has turned its attention to
Spain, where it is proposing to buy out minority shareholders in
its CCC subsidiary.
Those European retailers with the biggest international spread -
Carrefour and Tesco - top the latest rankings, but the continued
downturn in the global economy means that this policy of expansion
is not without its risks, according...