Supermarkets help Carrefour keep its sales stable
Carrefour, the biggest hypermarket operator on the market,
reported a 0.7% sales decline domestically for the first nine
months against a year ago, to 804m euros (VAT included).
In like-for-like terms, the French retailer's sales in Romania
dropped by 5.3% in the same interval, against a 4.9% decline in the
first half.
Thus, overall sales stabilisation in the first three quarters can
be accounted for by Carrefour's finalised expansion investments,
with the supermarket network getting to 29 stores, from 24
operational stores in late September 2009. In 2009, the first year
when it coped with consumption declines in Romania, the French
retailer reported the first annual sales decrease, of 4.6%, but RON
turnover kept rising owing to the two hypermarkets and six
supermarkets that were added.
Starting 2010, the company focused its expansion plans on the
supermarket segment, with ten stores due to be opened this year,
through investments ZF puts at 1m euros per store.