Arab Today, arab today carrefour sales slump as it quits several markets
Last Updated : GMT 10:29:20
Arab Today, arab today
Arab Today, arab today

Carrefour sales slump as it quits several markets

Arab Today, arab today

Arab Today, arab today Carrefour sales slump as it quits several markets

Paris - AFP

French retail giant Carrefour reported on Thursday a slump in its second-quarter sales, largely due to its decision to cease operations in several countries. Sales for the period ending June reached 20.46 billion euros ($27 billion), down 5.7 percent from the figure a year ago, the firm -- world\'s second-biggest retailer -- said. The sharp fall was due mostly to a much higher base of comparison in 2012, when figures included sales from Indonesia, Malaysia, Singapore and Greece -- markets where Carrefour has withdrawn from. The data also included sales in Turkey, where the retailer is currently renegotiating a partnership contract. If sales from these countries were not taken into account, the dip in sales reached only 0.6 percent. The group\'s financial director Pierre-Jean Sivignon said: \"Our performance for the period is solid, given the difficult environment.\"

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