Investors return to Brazil’s retail sector

In 2018, the food retailer Carrefour-Brazil will invest US$617 million in capital expenditures to fuel growth of its “cash and carry” business. Carrefour aims to open 20 new wholesale stores called “Atacadao” – in 2018. This format has been highly successful in recent years as the country’s recession has forced consumers to seek discounts. In Q4 2017, like-for-like sales of Atacadao grew by 2.2%. Meanwhile, Amazon aims to expand its e-commerce business in Brazil, as retailers such as Mercado Li