Tag: Brazil retail

If you look for people on Sunday on the streets of Brazil you will find no one. That’s because they are all inside the country’s burgeoning number of shopping centres, buying stuff and having lunch with their families. Hanging out in a shopping centre on Sunday is part of family life in Brazil and it’s where a lot of household income goes. Continue reading »

Brazil’s central bank is in tightening mode again, raising its policy interest rate last week after a long cycle of loosening that began in August 2011. It is worried that inflation is on the rise and less worried, apparently, about slow growth.

But behind recent numbers on inflation is another set of numbers on retail sales, which fell in February for the first time in a decade. If that turns into a trend, the very foundations of Brazil’s recent growth story will be undermined. Chart of the week takes a look. Continue reading »

Mandacaru: one of L'Occitane au Brésil's line of new products

L’Occitane, the upmarket French cosmetics group, has long been a fan of emerging markets. In 2010, for example, the group became the first French company to launch an initial public offering in Hong Kong.

However, on Tuesday L’Occitane went one step further. The group announced its first line of production outside France. The new brand of cosmetics – L’Occitane au Brésil - will be made entirely in Brazil where production will eventually be outsourced, it said. Continue reading »

The war of the supermarket titans is back on.

Abilio Diniz, the chairman and former owner of Brazil’s biggest retailer, Pão de Açúcar, put out a statement on Tuesday accusing France’s Casino of “abusing its power” as the group’s new controller.

The latest source of contention between Diniz and Casino’s chief executive and key shareholder, Jean-Charles Naouri, is simple. Diniz plans to take on the role of chairman of Brasil Foods, the world’s largest poultry exporter, while remaining chairman of Pão de Açúcar. Naouri claims this presents a conflict of interest. Continue reading »

Last Christmas, you could not have moved on Rua Vinte Cinco de Março, the busy market street in São Paulo, so crowded was it with festive season shoppers. Indeed, it seemed all of Brazil was out shopping last year.

So it may come as a surprise then that retail sales in Brazil in December were below expectations. Instead of the monthly increase of 0.8 per cent forecast by the market compared with November, retail sales rose only 0.5 per cent. Continue reading »

Louise Lucas, the FT’s Consumer Industries Editor, explains how companies are taking their goods to people’s homes in Brazil, one of the world’s biggest consumer markets.

It was only a matter of time. Take a nation full of shopaholics and retailers desperate to shift stock in a slowing economy and what do you get? Black Friday.

Brazilians have toyed with the US tradition for a couple of years now and even neighbouring Paraguay has proved to be a fan. However, this year Black Friday in Brazil came with a bang. Continue reading »

Retail rents remain buoyant in emerging markets as an expanding middle class attracts tenants despite the global economic slowdown.

Commercial property services company, Cushman and Wakefield, surveys its international offices annually to study retail rental performance. In the year to June 2012, rents increased 4.5 per cent globally, rising in 147 of 326 locations. Continue reading »

It’s a story that never seems to get old – the rise of the Brazilian middle classes.

Despite the recent pessimism over growth and concerns about rising household debt, consumer companies in the Latin American country never fail to get investors excited.

Carlyle, the US private equity group, is a particular fan of the sector and on Thursday added yet another name to its bulging Brazilian portfolio. Continue reading »

As the US-based DIY chain The Home Depot opened its 91st warehouse-style store in little more than a decade in Mexico, more evidence emerged of strong consumer demand — if not yet a boom.

May retail sales rose by 5.2 per cent year-on-year, though they slipped by 0.2 per cent compared with April, consistent with an 8.6 per cent fall in consumer goods imports.

And the year-on-year growth was strongest, at 8 per cent, for the big-ticket household items in which The Home Depot specialises. Vehicles also grew by 7.7 per cent. Continue reading »

Still pining for those China-like growth rates in Brazil? Not satisfied with 0.2 per cent GDP expansion? Well perhaps it’s time you tried Brazilian e-commerce.

The industry is expected to be worth R$23.4bn ($11.6bn) by the end of this year – 25 per cent more than 2011, according to e-bit, a local consultancy service. In 2011 e-commerce grew 26 per cent and in 2010, a whopping 40 per cent. Continue reading »

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