Macroeconomy/Finance

Brazil’s GPA improves performance through store reformatting

Brazilian retailer GPA renovated a total of 20 Pão de Açúcar supermarkets in 2019, following the roll-out of a new store format in September 2019. As a result of the format changes, the stores have seen growth across all performance indicators; a 9% increase in sales, 7% in volume and 5% in the number of customers. The project will continue in 2020, with the opening of 10 new stores in locations with potential for expansion, while another 15 existing stores will be remodelled.

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Source: ESM Magazine

Categories: Macroeconomy/Finance