By  on October 16, 2009

PARIS — Carrefour, the world’s second-largest retailer behind Wal-Mart Stores Inc., reported a third consecutive drop in quarterly sales and said it’s pulling out of the Russian market after less than a year.

In the third quarter to Sept. 30, sales declined 2.9 percent to 24 billion euros, or $34.32 billion at average exchange rates for the period, as a strong business in Latin America helped offset difficult markets in Western Europe.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus