photo vcg: In the Chinese market, Carrefour saw a significant 11-fold improvement in recurring operating income, at 45 million euros 51.16 million largely driven by a clear improvement in return on investment ROI according to a statement of the company released on February 28, according to Global Times China. Globally, the group saw its ROI improve by 4.6 percent as compared with the previous year and an increase of 1.4 percent in sales to reach 85 billion euros. Photo VCG Retail giant Carrefour posted improved profits in 2018 in China, as its previous investment paid off. Carrefour attributed an improved performance in the Chinese market to initiatives to transform the commercial model of hypermarkets - Le March and the very strong acceleration in the digital segment e-commerce and online-to-offline operations. China is a retailing laboratory for the world. The company also said it is continuing to accelerate its pace of digitalization while modernizing its stores offering more shopper-friendly products and services to provide a better shopping experience in China.
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