Sales at Supermarkets up 5.9% in Brazil

Sales at Brazilian supermarkets were higher than expected this year, the industry association said.

RIO DE JANEIRO, BRAZIL - (ANBA) Real revenues from sales at supermarkets were up 5.94% year-to-date through October, the Brazilian Association of Supermarkets (ABRAS) said. Revenues climbed 12.4% in October from a year ago, and 7.35% in July from September.

“Our year-to-date results reflects how the consumer behaved during the pandemic, prioritizing the consumption at home, and the emergency aid,” ABRAS chairman João Sanzovo Neto was quoted as saying in a press release. The emergency aid is a monthly financial aid provided by the Brazilian government to low-income families during the COVID . . .

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