date:Dec 18, 2013
gher inflation next year - a scenario that will force retailers to fight for each other's market share if they want to keep up robust recent growth.
Still, GPA said it expects sales in stores open at least 12 months to continue to rise faster than inflation.
Lower sales, general and administrative expenses should help GPA keep its edge, management said on Tuesday. The company expects to reduce those costs to 17 percent of net revenue by 2016, from 19.6 percent currently.
As a result, earnings