Supermarket chain Carrefour reported 3.2 percent organic growth in the fourth quarter of 2013, boosted by success in the recovering Spanish market.
Tesco wrote down the value of its global operations by $3.5 billion and announced plans to exit the U.S., after a year in which profit fell for the first time in two decades.
Carrefour, Europe's biggest retailer, said fourth-quarter like-for-like sales rose 0.4 percent, reflecting further signs of improvement in its core French market but still difficult trading conditions in austerity-hit Spain and Italy.
Francois Mallet, MD, Head of Equity, Kepler Capital Markets recommends France's Carrefour, which he says will benefit from a new strategy and a new CEO.
French retail giant Carrefour is a 'buy' according to Scott Evans, co-head of equity research at Espirito Santo Investment Bank. He joined CNBC to discuss why.