Carrefour speeds up expansion with 7 hypermarkets a year - Azi

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Carrefour is expanding its hypermarket network in Romania by 7 stores a year and expects to reach around 40 stores by 2012, according to a report released by Hyparlo, a division of the French group.

Investments in expansion are estimated at 450 million euros for the 2009-2012 period.The French are attempting to preserve their leading position in terms of sales on the hypermarket segment, considering that, over the last two years, competitors that entered the market more recently, Real and...

Read the whole story in: Ziarul Financiar