July 25, 2019 / 2:48 PM / 4 months ago

Carrefour Brasil sees e-commerce margins improving as it expands marketplace: CFO

SAO PAULO (Reuters) - Carrefour Brasil SA, the country’s largest food retailer, expects e-commerce margins to improve as it adds more sellers to its marketplace platform, executives told analysts in a conference call on Thursday.

Chief Financial Officer Sébastien Durchon said the mobile app already corresponds to over a third of e-commerce sales and a partnership with Colombian delivery startup Rappi is helping Carrefour Brasil attract new customers.

In the second quarter, the company reported a 59% growth in Gross Merchandise Value (GMV), a metric used to indicate total online sales.

Reporting by Gabriela Mello; Editing by Chizu Nomiyama

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