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 »
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 »
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.
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 »
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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