South American Business Information, May 11th, 2002
Brazil, May 10, 2002
The Brazilian retail trade bets on Mother?s Day to boost sales of consumer electronics at 3% and 10% mainly microwave ovens, TV sets and DVD player. The traditional retail chain Casas Bahia with an R$3.6bil annual turnover, predicts a growth of 25% on sales. The opening of new units (it recently set up three new stores) will support the performance. Its main competitor Globex owner of Ponto Frio, bets on the sale of microwave ovens to boost turnover at 10%. The ch...
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