Carrefour will invest as much as ARS250m (£40m) in its stores network in Argentina this year as supermarket sales recover.

The retailer, which operates under banners including Dia in the country, invested ARS1.25bn (£202m at current exchange rates) in stores growth between 2006 and 2009, and will add 23 stores to its portfolio in the country this year; at the end of 2009 it had 68 hypermarkets and 117 supermarkets in Argentina.

Carrefour Argentina forecast sales volumes will grow about 5% this year.