Brazilian grocer Companhia Brasileira de Distribuicao (CBD) recorded an increase in net sales for the first half of the year, boosted by a series of partnerships with suppliers and “aggressive” promotions.
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Net sales for the six-month period reached BRL$9.6bn (US$8.8bn), with respective year-on-year increases of 10.7% and 13.7%.
Same-store net sales recorded nominal growth of 11.8%. Also on a same-store basis, food sales grew by 7.9%.
“The company’s sales performance in the quarter was the consequence of a series of partnerships with suppliers, executed through a combination of aggressive promotions and an appropriate product mix, underpinned by efficient commercial and supply management,” the company said.
In the second quarter of 2009, net sales climbed 18.1% to BRL$5bn. In same-store terms, net sales recorded nominal growth of 15.6%.
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By GlobalDataThe group said its best-performing formats were Pão de Açúcar, Extra, Extra Fácil and Assai, whose sales growth was higher than the company average.
