France-based Carrefour franchisee Guyenne et Gascogne has reported a rally during the fourth quarter of last year to finish 2007 with solid gains.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company’s namesake parent company saw an 8% surge in fourth-quarter sales to EUR148m (US$218m), finishing the year with total sales of EUR560m, a rise of 2.9%.
A second Guyenne et Gascogne subsidiary in France, Sogara, posted sales of growth of almost 2%. Both units had a strong promotional programme and rapidly rising fuel prices to help sales figures.
Spanish subsidiary Centros Comerciales Carrefour posted a 5% rise in hypermarket sales and a 15% jump in supermarket sales for 2007.
Aggressive pricing and expansion made Carrefour a strong brand on the Spanish retail scene, where the Carrefour City fascia is being tested as a local retail format.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
