Carrefour (CRERY.PK), the world's No. 2 retailer, saw earnings drop 23% in H1 as "lagging...

|About: Carrefour S.A. ADR (CRRFY)|By:, SA News Editor

Carrefour (CRERY.PK), the world's No. 2 retailer, saw earnings drop 23% in H1 as "lagging performance in France and weak western European markets outweighed strong sales in Asia and Latin America." Though part of the slump stemmed from a tactical error on merchandise pricing, it bodes poorly for the state of Europe's retail sector, and America's, by extension.