Hypermarket Growth At Carrefour Indicates Format May Yet Have Potential, Says Analyst
A leading industry analyst has said that the positive growth experienced in Carrefour's hypermarkets in the fourth quarter of the retailer's financial year indicates that the large-scale retail format may indeed have a future.
Olivier Dauvers was commenting following the publication of Carrefour's fourth quarter and full-year results, in which the group reported like-for-like growth of 5.5% across its France operations in Q4, with hypermarkets up 3.9%, supermarkets up 9.8% and convenience up 5.9%.
As Dauvers noted, Carrefour has now seen growth in its hypermarket channel in three of the last four quarters – in Q1 last year, hypermarket sales were up 0.9%, in Q2, sales were down 3.6%, in Q3, sales were up 2.5%, and in Q4, sales were up 3.9%, the highest quarterly growth rate for six years.
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