Retail

Brazilian Retailers Eye Recovery - For Now

3 days ago   |   By WWD

Brazil's ailing retailers are breathing sighs of relief amid signs that the country is starting to emerge from its worst recession in history - a rocky episode that forced apparel merchants to close 40,000 stores.
However, the specter of volatile presidential elections in October could change all that, spoiling a gradual recovery that started in the middle of 2017 and stretched through holiday, observers said.
Luiz Guanais, a retail analyst at broker BTG Pactual, said 200,000 stores closed overall in 2016 with almost 40,000 apparel and footwear stores alone shuttering between 2015 and...
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