date:Mar 06, 2014
improving price competitiveness, simplifying product offerings and giving more autonomy to store managers.
Carrefour said its operating margin in France, where it makes 47 percent of revenue, rose to 3.4 percent of sales, helping to lift the group margin to 3 percent from 2.6 percent in 2012, although that still lagged the 4.9 percent achieved by smaller French peer Casino (CASP.PA).
A stronger France helped counter a decline in the profitability for the rest of Europe, dragged down by Italy a