Carrefour, the world’s largest retailer, is concerned over the fact that flat sale for the third quarter of this year has proved below its forecasted profit.

In India, Carrefour the French supermarket leader has inaugurated its in

Berli Jucker PCL (BJC. TH) has become the front runner to buy the Thai asset in Carrefour SA, as PTT PCL PTT. TH) was forced to withdraw due to the government pressure. In PTT PCL ( PTT. TH), the Thai Govt's share is 51.36% making it vulnerable to govt. pressure.

The biggest retailer in Europe, Carrefour has announced that it will be spending 1.5 billion euros or $2 billion in what it calls its turnaround plan. It will be revamping all its hypermarkets to be able to position itself differently.

After Carrefour’s announcement that it is shutting down its stores in Southeast Asia, the French supermarket chain store received offers from more than 12 bidders, including Tesco, the UK grocery retailer, the Japanese Jusco, Giant, and other several local operators.

Having acquired a greater market share in France, French retailer Carrefour is said to have made a comeback into prosperity in the first half of the year. The Company, which is the world's biggest retailer after the U. S.-based Wal-Mart Stores Inc., has declared a net profit of $85m in the first half of the year, under new Chief Executive Lars Olofsson.

Carrefour on Thursday announced the raise of 5.9% in its sales in comparison to last year. The Company on Thursday reported about its 51% buy-out in Baolongcang, a retail chain in China.