PARIS — Carrefour SA has downgraded its 2017 profit outlook for a second time. The retailer, which reported its 2017 sales on Thursday after market close, expects to announce recurring operating profit down approximately 15 percent, to 2 billion euros, when it reveals its full results on Feb. 28. It is the second time in six months it has lowered its guidance, after downgrading its previous stronger forecast to 12 percent in August.
“2017 has been a difficult year,” said chief executive officer Matthieu Malige during a conference call.
Exclusive: @tommyhilfiger has tapped 22-year-old actress @zendaya to be his newest collaborator and together they will launch a see-now-buy-now collection in February. Speaking to WWD about the project, the Spider-Man actress said: “Fashion is more than just wearing cool clothes. It’s a way to celebrate self-expression and individuality, which is extremely empowering. This is why I am proud to partner with Tommy Hilfiger.” Tap the link in bio for the full scoop. #TommyXZendaya #wwdfashion
Fashion is facing a blistering pace of technology, a complex economic backdrop, and shifting social mores, priorities, and lifestyles. WWD's annual CEO summit on Oct. 30 and 31, will be the meeting place for some of the sharpest minds in the business who will address how these forces affect a consumer. Speakers this year include Antoine Arnault, Virgil Abloh, Gabriela Hearst, and Olivier Rousteing. Tap the link in our bio to find out more. #wwdceosummit