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