Brazilian retail falls 6.2% in 2016, supermarkets hit worst

Brazilian retail falls 6.2% in 2016, supermarkets hit worst

Brazil’s retail closed 2016 with a record of losses in the face of sharp declines in sales, especially supermarkets, a movement marked by weak demand and economic recession. Last year, retail sales fell 6.2% over 2015, when the industry ended with a fall of 4.3%. It is the worst result of the historic series that […]

Supermarkets in Brazil want to stay open on Sundays

Supermarkets in Brazil want to stay open on Sundays

Supermarket owners in Greater Vitória, a metropolitan area in southeastern Brazi and governor Paulo Hartung joined together to discuss the deadlock regarding the opening of stores on Sundays and holidays, which has been a host issue among businessmen and workers in the sector. The president of the Trade Federation of Espírito Santo (Fecomércio), José Lino […]

More supermarkets in Brazil to be closed

More supermarkets in Brazil to be closed

After Walmart closed down its stores in Brazil, now it is the turn of Pontofrio and Casas Bahia stores to be laid off. If the country’s situation does not improve in near term, new stores will be closed and more layoffs might occur. More than 30 stores of Casas Bahia and Ponto Frio will be […]

Walmart plans to close its 30 stores in Brazil

Walmart plans to close its 30 stores in Brazil

Walmart plans to close down its thirty stores in Brazil by next year. These thirty stores accounts for five percent of the total in the country. The move is considered to be a part of the world’s largest retailer’s global strategy to shut down its operations in poor performing markets, which includes Brazil. The sites […]

Brazil’s Retail Sales falls, but less than expected

Brazil’s Retail Sales falls, but less than expected

Retails sales fall was well below the expectations for Brazil’s major hypermarkets and department stores in September, Expert reviews indicate. A report by the National statistics agency in Rio de Janeiro implies that the total retails sales plummet to 0.5 percentage in September, where the figures for August was 0.9 percent. This is the eighth […]