date:Dec 18, 2013
before interest, taxes, depreciation and amortization will continue to represent a stable share of revenue in GPA's food retail unit, they said.
GPA expects to open 400 new food stores in the next three years, focusing growth on 360 new convenience stores in its Mini Mercado format. The group's electronics and furniture unit, Via Varejo, plans to open 210 stores during the period.
The company is also planning aggressive expansion of its wholesaler, Assai, which goes head-to-head with Carrefou