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Carrefour Q2 sales up 6.3 percent

Carrefour Q2 sales up 6.3 percent

French retailer Carrefour SA says that second quarter revenue rose 6.3 percent thanks to strong growth in Latin America and Asia.
The world's second-largest retailer behind Wal-Mart Stores Inc. said Thursday that it also gained market share in France, which accounts for 40 percent of sales.
Improving performance in its home market has been a priority for new CEO Lars Olofsson, who took over last year.
Revenue rose to (EURO)24.92 billion ($31.97 billion) in the three months through June, from (EURO)23.44 billion a year ago, the retailer said in a statement.
Sales rose 34 percent in Carrefour's Latin American stores, and 21 percent in Asia. French sales were up 2.7 percent.
In the first half, revenue rose 5.9 percent to (EURO)48.88 billion.