BMI Unconvinced By Carrefour's Hypermarket Revamp

French retail multinational Carrefour has set highly ambitious sales targets for its European hypermarket network after unveiling its new Carrefour Planet hypermarket concept. The firm hopes to achieve incremental sales growth of 18% between 2010 and 2015, representing a compound annual growth rate of over 3%. This would be a strong result for any retailer operating in the mature European sector, but for a network that has consistently posted declining like-for-like sales such growth would be remarkable. The company's share price has reacted favourably to the new target but BMI is sceptical about whether it is achievable and whether the

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