Carrefour Off The Pace In Brazil, BMI Sees Market As Key To Firm's Future Growth

Two of Brazil's largest retailers have posted contrasting results for their latest financial quarters. For the three months to the end of June Brazil's largest grocery retailer Companhia Brasileira de Distribuição (CBD) reported a sharp increase in same-store net sales, which increased by 11.3%. In contrast, over the same period the country's second largest retailer Carrefour registered only a 2.9% increase in same-store net sales - a result which suggests a fall in like-for-like sales in real terms. Carrefour's new CEO has made the reinvigoration of its domestic and continental European operations a priority. However, the firm cannot afford

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