date:Oct 18, 2013
les grew 15 percent from a year earlier as the group opened new stores, led by the expansion of its Assai cash and carry brand. So far this year Assai opened its first stores in five new states, where it has achieved better-than-expected sales. The brand is set to open five more stores this year.
The larger role of the cash and carry business as well as the impact of rapidly rising food costs pinched the gross margin of Po de Acar's food business, but the group offset that pressure with more ef