Pao de Acucar

Brazil’s GPA Reports Net Loss Of 76% In Third Quarter

Brazilian grocery retailer GPA reported a net loss of R$311 million (€51 million) in the third quarter of 2024, representing a 76% decrease compared t...

GPA Narrows Losses In Second Quarter, Revenues Rise 2.5%

Brazilian retailer GPA reported a loss of 332 million reais (€55.2 million) in the second quarter of the year, a 21.9% improvement year-on-year, while...

5 Trends To Watch In The LATAM Food and Beverage Market

The following five trends are likely to play an important role in the LATAM food and beverage market in 2024.

Brazil's GPA Revises New Store Opening Plans To 2024

Brazil’s biggest food retailer GPA has revised its initial projections regarding the number of new stores it plans to open by 2024.

Brazil's GPA Sees Online Sales Rising Fivefold In Four To Five Years

Brazilian food retailer GPA SA expects e-commerce sales to jump by more than five times over the next four to five years while maintaining margins, chief e...

GPA And Assaí Approve Conversion Of Extra Hiper Stores

Brazilian retailers GPA and Assaí have approved the conversion of Extra Hiper stores to cash-and-carry format, which will be operated by Assaí...

Brazil's GPA Sees Sales Boost In Fourth Quarter

Brazilian retail market leader GPA has reported a 24% increase in total gross sales in the fourth quarter of 2019, to R$ 18.9 billion (€4 billion)....