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The 2004 edition of Mintel's European Retail Rankings suggests that the UK’s Tesco – the second ranked food chain in Europe – is closing in on Carrefour’s lead position there.

Carrefour is the second-ranked food retailer in the world, behind Wal-Mart, and Tesco is fourth worldwide.

Interestingly, the Wall Street Journal reports this morning that Carrefour seems to be concerned with its competition from both Tesco and Wal-Mart, and that the company is embarking on a broad price cutting strategy in order to drive up its volume and compete more effectively.
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