Carrefours profits plummeted 70% to €385 m (£343m) in 2009, largely due to restructuring charges.

In France and Western Europe sales fell 2.7% and 5.4% respectively. However, the French retail giant boasted market share gains in its home market.

Meanwhile, Carrefour’s Latin American and Asian divisions posted sales growth of 11.9% and 8.4% respectively. Sales at Carrefour-owned discount chain Dia were €10.51bn (£9.4bn) - down 0.4% on the previous year.