date:Aug 01, 2014
t to cut prices as aggressively as rivals such as Leclerc in the period.
This will likely negatively affect performance in the medium term with a lack of price competitiveness leading to a future return to market share losses, Monteyne, who rates Carrefour 'underperform', wrote in a note.
In Britain, Tesco is facing a similar dilemma on prices as it loses market share to German discounters Aldi and Lidl, prompting the board last week to ditch chief executive Philip Clark after another profit w