Carrefour has slashed its full-year profits forecast as consumers continue to turn away from its hypermarkets. The supermarket giant said it expected 2011 operating profits to be down 20% compared with its previous forecast of a 15%...
French retailing giant Carrefour has posted a half-year loss of €249m and warned full-year profits would be 15% down on last year. Operating profits in its domestic market slumped 40% to €302m in the first six months of the year, with sales slipping 0.2%.
France: Carrefour has warned its half-year profits will drop 23% to 760m because of weak sales in its domestic market. The retail giant, due to report first-half figures next month, said sales were down 3.3% in the first six...
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