date:Mar 06, 2014
efour's decision to accelerate capital spending in 2014 contrasts with the situation at British rival Tesco (TSCO.L), which last month said would lower its overall capital expenditure as it was cutting back on expanding its net new store space.
However, Carrefour's capex to sales ratio of 2.9 percent for 2013 still lags the 3.2 percent achieved by Casino last year, while estimates for Tesco's ratio in 2013 stand at 4.6 percent, according to Thomson Reuters I/B/E/S Estimates.
Analysts also poin