LONDON (MarketWatch) â Shares of Carrefour SA tumbled as much as 10% in Paris trading on Wednesday after the French retailing giant lowered its forecast for 2010 operating profit. http://www.marketwatch.com/story/carrefour-shares-tumble-10-after-outlook-cut-2010-12-01 So far as to end consumer "demand" in Europe. And with all these austerity measures waiting in the background - does it get "better" in the next 6-9 months?
Carrefour is the shittiest supermarket chain there is. They only care about bringing quality in their home country France.
I haven't seen a breakdown of their figures but I bet they're struggling to push the inherent goods inflation to their customers. But somebodies got to pay, looks like the company in this instance. Wonder if other companies are having the same sort of problem........