PARIS — France's Carrefour on Thursday reported higher profits and trumpeted 2008 as a "breakthrough" year during which it would speed growth and spin off its property portfolio.
The hypermarket operator said net profits in 2007 grew 1.4 percent to 2.29 billion euros, or $3.15 billion at average exchange, from 2.27 billion euros, or $2.85 billion, a year ago, fueled by China and Brazil. Full-year sales advanced 6.8 percent to 82.15 billion euros, or $112.61 billion, from 76.89 billion euros, or $96.59 billion.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)