Crisis gives retailers a rough ride The crisis in Argentina has taken its toll on the country's grocery retailers. Ahold, which operates 250 stores in a partnership with Disco, has made a E100m provision in its fourth quarter figures to account for the devaluation of the peso. Disco has increased its market share through more budget own label lines. Supplier and staff contracts are being renegotiated. Carrefour has a far greater exposure with 387 stores. Analysts say it is more vulnerable given non food is a major proportion of the business. One City analyst said smaller players with just a handful of stores such as Auchan or Casino, might consider counting their losses and exiting. Overcapacity and falling demand have driven industry sales per square foot down by two thirds since 1994. {{MEAT }}