Despite poor economic news from the region, South American sales for French supermarket chain Carrefour grew by 18% in Q3.
French sales were flat, whilst Asia and the rest of Europe declined. With the grocer scaling back the size of its operations in its core territories and pushing into convenience stores instead of big box formats, emerging markets are see to be its next big play.
Financial Times, Lex, 16
Despite poor economic news from the region, South American sales for French supermarket chain Carrefour grew by 18% in Q3.
French sales were flat, whilst Asia and the rest of Europe declined. With the grocer scaling back the size of its operations in its core territories and pushing into convenience stores instead of big box formats, emerging markets are see to be its next big play.
Financial Times, Lex, 16
