Carrefour Invests For Long Term With Spanish Retail Buy

French retail multinational Carrefour has acquired five outlets in Spain from local operator Supermercado de Madrid. The units are to be consolidated into the Carrefour Express supermarket network and will bring the firm's total number of supermarkets in the country to 107. The move comes despite Carrefour's Spanish outlets registering a significant like-for-like sales decline in 2009 (see chart) and suggests the firm is confident that the market will eventually return to

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