date:Oct 18, 2013
permarket unit and streamlining distribution of its home furnishing business, the retailer was able to boost profit margins even though high inflation has burned rival retailers.
Wal-Mart Stores Inc, the third largest retailer in the country, said on Tuesday it is closing several unprofitable stores in Brazil.
Po de Acar is pressing ahead with growth plans, however, reaffirming on Wednesday that it would invest up to 2 billion reais in 2013 and expand food sales area by over 6 percent.
Net sa