Is Carrefour on the Path to Recovery?
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Carrefour’s annual results for 2011 confirmed the company is having difficulties turning around its French operations. Raphael Moreau, research analyst at Euromonitor International, discusses Carrefour’s plan for the upcoming year. With a new CEO in place, Carrefour hopes to add flexibility to its stores based on their locations. For instance, smaller discounting stores were tested in emerging markets with the hopes to bring more stores to smaller economies.