PARIS, France - French mass retailer (that also sells bike products) Carrefour Group reached total sales at constant exchange rates of € 96.2 billion in fiscal year 2009. Compared with 2008 this is a slight (+0.9 %) increase. Nevertheless 2009 sales was 0.4% down to a total of € 89.0 billion.
In a press release the French company notes it was successful in achieving its 2009 objectives. The good result is also backed by continued growth in private label sales. These Carrefour-branded sales increased 10.3% and represented 24.6% share of the entire 2009 sales, “driven by the roll out of Carrefour Market and the Carrefour Discount range.”
While European country markets were impacted by the economic crisis but somehow regained, Carrefour reported 8.6 % growth compared with the previous year at constant exchange rates in China, in a deflationary environment, and sustained 14.2% growth in Brazil at constant exchange rates.
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