By  on March 12, 2009

PARIS — Carrefour reported a 45 percent decline in 2008 profits after a sharp drop in consumer confidence in France cut into margins.

The French hypermarket operator, the world’s second-largest retailer after Wal-Mart Stores Inc., said its group share of net profit slid to 1.27 billion euros, or $1.87 billion, from 2.29 billion euros, or $3.37 billion, a year ago, missing most analysts’ expectations.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus