November 22, 2017

Carrefour Cut Its Annual Forecast

The world’s second- largest retailer, Carrefour SA cut its forecast for current operating income this year. The company says the profit measure will decline by around 15 %. The Boulogne Billancourt, France-based Company said in a statement that the forecast compares to restated figures from 2010. The company will implement a new commercial strategy in France, its biggest market, to boost growth in an “increasingly challenging economic environment.”

Source of the news: BusinessWeek (Read More)

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