date:Apr 19, 2013
Pierre-Jean Sivignon told analysts, noting persisting challenging conditions in Europe.
Carrefour, the world's largest retailer after Wal-Mart , has been struggling for years in Europe, partly due to a reliance on hypermarkets, which have been losing out as time-pressed shoppers buy more goods locally and online and prefer to buy general merchandise from specialists.
The French group said it made first-quarter sales of 20.8 billion euros, just below the average forecast of 20.9 billion in a Re