Retail in Asia

Carrefour’s sales growth hit by France and China

Carrefour’s sales growth slowed in the fourth quarter, as the Paris attacks in November and mild winter weather weighed on its core business, the French retailer said on Friday.

Despite the quarterly slowdown, the world number two retailer achieved its fourth straight year of rising sales for 2015 as a whole, as a recovery plan started by Chief Executive Georges Plassat in 2012 bears fruit.

Trading conditions remained difficult in China, amid slowing consumption, the company said in a statement. Sales in China were hit by weak consumption and were down 15.7 percent in the quarter.