Carrefour plans to close 16 GB supermarket stores in Belgium and cut 900 jobs as part of a restructuring plan prompted by fierce competition, the French retailer said on Wednesday.Carrefour said that the increasing number of supermarkets and deep discounters in Belgium and price cuts in the sector had led to limited sales and profitability growth and to persistent losses at 16 GB stores.
Carrefour said in a statement it made sales of 5.38 billion euros ($7.23 billion) last year in Belgium, where it runs 561 stores including Carrefour hypermarkets and GB supermarkets.
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