News Summary: Carrefour shows 2013 growth


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(AP) - TURNAROUND STORY: Big-box retailer Carrefour posted solid gains in 2013, as sales grew in Latin America and Asia, rebounded in Spain and France _ two of its biggest markets _ and a turnaround plan took firm hold in the fourth quarter of the year.

THE NUMBERS: Europe's largest retailer said Thursday its full-year sales were 84.3 billion euros ($114.8 billion), an increase of 2.5 percent, according to adjusted figures accounting for asset sales and cuts to debt. In a by-the-numbers comparison with 2012, growth fell 1.2 percent.

FIXING PROBLEMS: During 2013, the company closed stores or transferred operations in faltering markets, with CEO Georges Plassat promising to refocus in areas where it could be a leader.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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