date:Aug 20, 2014
association reported an increase of only 0.7 per cent in same-store sales in July, missing the 1 per cent average increase estimate of analysts compiled by Bloomberg.
Retailers are seeing growth slacken as Latin Americas largest economy after Brazil struggles to pull consumer sentiment and spending out of the doldrums. Gross domestic product will rise as much as 2.8 per cent this year, down from a previous forecast of 3.3 per cent, the central bank said last week. This means retailers are unlik