Retail Sales in Brazil Decline During Disappointing Holiday Season

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Brazilian Association of Shopping Mall Store Owners (ALSHOP) announced that the retraction in Christmas sales in 2015 is likely to be the worst in ten years, when compared to sales during the same period in 2014. While the year-over-year decline may seem small, in relation to last year's three percent growth, the swing is a significant disappointment.

Although sales declined by one percent . . .

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