BY JOACHIM BAMRUD
Less than a week after denying French media reports that it planned to sell its
That contrasts with a 0.8 percent decline in global sales in the third quarter, largely spurred by falling sales in Europe and Carrefour's own home market of
In fact, the double-digit sales growth in Brazil, Argentina and Colombia made them the best-performing markets globally in the quarter, beating other growth stars like China and Turkey.
Carrefour is the world’s second-largest retailer after Wal-Mart and ranks 11 among
GROWTH AND EXPANSION
Third quarter sales in
Meanwhile, Carrefour managed to up its market share in all three of its Latin American markets
Its network of stores expanded in the quarter with the addition of seven new supermarkets that had previously been under the Gimenes banner and the opening of five Atacadao stores.
ARGENTINA AND COLOMBIA
All in all, the third quarter saw the addition of eight hypermarkets, nine supermarkets and 21 hard discount stores in
Among the latest – the August opening of three convenience stores in São Paulo after a successful trial of the format in Porto Alegre. The stores, using the Carrefour Express brand, are located in gas stations and are open 24 hours a day. Earlier this year, Carrefour also opened a hypermarket in
Last week, French daily Le Monde reported that Carrefour was considering selling its Latin America unit, but the firm denied those reports. Instead, today it confirmed plans to sell its operations in Russia.
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