sao paulo, brazil (reuters) – grupo carrefour wants to maintain a balance between strong competitive prices and margins in order to gain market share, said friday the brazilian subsidiary of the french distributor.
carrefour brasil has continued to gain ground in the areas of cash & carry, hypermarkets and convenience stores in the first half of the year, said thursday the charles desmartis, director general, leader of the distribution range in brazil.
the implementation preserves some of the group of fierce competition and the impact of the economic downturn, said officials.
the rise in food prices was slightly affected the margins and has had little impact on sales volumes, said charles desmartis.
he also said not to have been “material change in economic conditions,” in the past few weeks.
economists have cut their growth forecasts to 2017 due to the political uncertainty.
carrefour brasil, which made its ipo last month, the biggest in brazil over the past four years, has produced a profit of $279 million (74,57 million) in the second quarter, an increase of 9.9%, compared with a year ago.
net sales rose by 8.8%, with non food products.
(guillermo parra bernal, catherine mallebay – vacqueur for service in french).
copyright & copy;, thomson reuters
Translated by forexguides.info Team