Carrefour announce five profit warnings

Carrefour has reported a marginal rise of just 0.5% for its full year 2011. A weak fourth quarter performance, which saw group sales decline by 0.8%, capped off what has been a pretty dire year for the world’s second largest retailer, which saw it announce five profit warnings, a failed merger in Brazil and strategic difficulties in its core European markets.

Source: Conlumino