That added to the pressure on the Federal Reserve to loosen monetary policy in order to cushion a weakening economy (See "August Doldrums In U.S. Factories").
But now that Carrefour's core business is under pressure, it may not be able to afford to lose the cushion of owning its own property and thus avoiding rent, says Philippe Suchet, an analyst at Exane BNP Paribas in Paris.