Grupo Carrefour Brasil Sees Sales Up Following Store Refurbishments
A major store refurbishment programme, coupled with strong performances in its cash-and-carry operations, has helped to lift sales at Carrefour's operations in Brazil.
Grupo Carrefour Brasil reported gross sales of R$13.6 billion (€3.40 billion, excluding petrol) in Q4 2017 (+5.3% year on year) and full-year sales of R$49.7 billion FY (€12.4 billion) – an increase of 7.2%.
It said that around 3.0% of this increase was as a result of improvements in like-for-like sales, with the remainder a result of the expansion of the group's sales area.
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