• Categories
  • Archives

Lower Inflation and Interests Bring 7% Higher Sales to Brazil’s Supermarkets

Brazilian supermarket gets creative with Brazil's flag Brazilian supermarket gets creative with Brazil's flag

Brazilian supermarket gets creative with Brazil's flag Brazilian supermarket sales grew 7% in the first quarter of this year when compared to the same period last year, according to figures disclosed by the 23rd Management Congress and International Supermarket Business Fair, which began Tuesday, May 15, in São Paulo, the largest business center in Brazil.

The events are promoted by the São Paulo State Supermarket Association (Apas). The organization's president, João Sanzovo Neto, pointed out that the Brazilian economic scenery is pleasing due to the reduction of interest rates and stability of inflation. "Consumption ended the year of 2006 leveled, therefore the tendency is for growth in 2007," he said.

APAS is an organization that brings together businessmen in the supermarket sector in the state of São Paulo and seeks to bring together the entire productive chain to promote sector development. The organization has 1,200 associates with 2,200 shops, covering around 80% of sector sales.

The fair and congress are taking place at Expo Center Norte and end on Thursday, May 17. The congress takes place from 8 am to 4 pm and the fair, called Apas 2007, starts at 2 pm and ends at 10 pm.

The Pão de Açúcar Group is the leader amongst the Brazilian supermarket chains. It is at the top of the ranking prepared by the Abras, released at the end of last month.

The group earned US$ 7.83 billion in 2005 and had 15.2% of the national market. Carrefour, in second position, has 11.8% of the market and earned revenues of US$ 5.92 billion last year. The third largest chain present in Brazil is Wal-Mart.

Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Amazon’s Kindle Now Has the New York Times and Brazil’s O Globo

Among the three largest and most influential Brazilian newspaper Brazil's daily O Globo this ...

Portugal Company Has Energy Plans for Brazil Including Wind Power

Portuguese energy sector company Energias de Portugal (EDP), is discussing with the Algerian Sonatrach ...

Ghanaians Resort to Shrink and Prayers While Getting Ready for Brazil

Defending champion Brazil is bracing for a tricky match against Ghana in the second ...

Brazil Expands Umbilical Cord Blood Banks. Country Depends 90% on Imports.

By the beginning of next year, Brazil’s public system of umbilical cord blood banks ...

Brazilian Police Break Soccer Ring That Was Cheating the IRS

Brazil’s Federal Police have just broken up a soccer corruption ring that illegally raised ...

Brazil's Tribuna do Povo online

Again Arson Destroys Office of Brazil Newspaper that Denounced Corruption

A fire that swept through the offices of the fortnightly newspaper "Tribuna do Povo", ...

Killing of Brazilian Should Not Harm Britain-Brazil Relations

A professor at the Department of International Law at Brazil’s University of BrasÀ­lia, Cristiano Paixão, ...

Brazil, in Condom Alert, Appeals to UN and World Bank

The shortage of condoms in some state health departments in Brazil is soon likely ...

Brazil Experts Betting Key Interest Rate Will Fall 0.75% to 15.75%

Brazil’s annualized benchmark interest rate (SELIC), which currently stands at 16.50%, is expected to ...

Brazil’s Presidential Candidate Accuses Lula of Doing Charity to Neighbors

Authorities from the Brazil’s neighboring country of Paraguay downplayed statements made by the Brazilian ...