Carrefour reduces dividend, scales down conversions
China Daily | Updated: 2012-03-09 07:32
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A Carrefour SA Planet store near Lyon, France. The retailer announced plans in 2010 to change 245 of 500 superstores in western Europe to the Carrefour Planet model. Eleven outlets will be converted in 2012. Guillaume Plisson / Bloomberg |
Carrefour SA, the world's second-largest retailer, more than halved its dividend and said it would "significantly scale down" superstore conversions as it reported a decline in annual profit.
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