Brazil’s Supermarket Sales Fall 10%. Worst Results Since November 2003.

Brazilian supermarket sales were down 10.1% in March in comparison with March, 2005, according to the Brazilian Supermarket Association’s (ABRAS) National Sales Index, which was published April 26.

This result represents the sector’s worst performance since November, 2003. According to the ABRAS, the drop had a big impact on the sector’s overall performance in the first quarter. Sales, which had been down 1.5% through February, ended the quarter with a -4.83% result.

In comparison with February, sales in March were up 6.25%, in consequence of the greater number of days in the month.

According to the ABRAS, the poor performance in March may reflect the fact that, in 2006, Easter fell in the month of April, whereas last year the holiday occurred in March. This contributed to what is considered an above-average performance in March, 2005.

In compensation, the association expects the sector to recover in April, due precisely to Easter sales and the one-month anticipation of the hike in the minimum wage.

ABr

Tags:

Ads

You May Also Like

Brazil Expecting 80,000 from Around the World to Hospital Fair

A delegation of sixteen representatives of the medical product industry in Egypt arrived yesterday ...

Dimensions Innumerable

Writing about Jaques Morelenbaum is like writing about the ocean. Writing about any aspect ...

Young Piquet from Brazil Wins Britain’s A1 Grand Prix

The Brazilian driver Nelsinho Piquet won the first phase of the new world car ...

Faustian Bargain: Lula Sacrifices Developing World’s Dreams for a Few Votes at Home

Last June, the heads of government of the Group of Twenty Finance Ministers and ...

The Manifesto

By Brazzil Magazine In April, 1998, I gave a seminar at the International Holistic ...

Let’s Hear It for Jobim.

Francis Hime’s Sinfonia do Rio de Janeiro de São Sebastião DVD celebrates the Cidade ...

US Fed Offers Currency Swap Lines to Brazil, UK, Switzerland

According to Brazil's Central Bank President, Henrique Meirelles, the extension of a US Federal ...

Brazil’s Civil War: 81 Killed, Hundreds of Hostages, Curfew Considered

Brazilian President Luiz Inácio Lula da Silva met this Monday, May 15, with the ...

Brazil and Arabs Can’t Bridge the Petrochemical Trade Gulf

Free trade agreement negotiations between the Mercosur and the Gulf Cooperation Council were the ...

Brazil’s Position Prevents Consensus on Summit of the Americas

Negotiations on whether to revitalize talks on a hemispheric free trade zone dragged on ...