Stores towards the end of 2020

With 10 months of operation, the Concept Generation 7 sugar loaf, new store format, is present in 46 units. The points of sale are distributed mainly in the State of São Paulo, but were also revitalized in the Federal District and the State of Rio de Janeiro. "Pão de Açúcar stores that already operate under the Generation 7 concept have a sales performance 12% higher than previous generation stores, on average," the network reports to Giro News. The new conversions from Sugarloaf stores to the G7 model are expected to focus at the end of 2020, along with openings of new stores in the formats Pão de Açúcar and Minuto Pão de Açúcar. According to market information, there will be 15 more reformulations and 50 stores inaugurated in the proximity format. Even without disclosing the results of the second quarter, the network showed growth in online sales in April and May and predicts that the culture of e-commerce will remain after social isolation. In the first quarter alone, there was an 82% evolution in the e-commerce of the network, with growth of all delivery modalities. The latest update is that online sales accounted for 7% of SugarLoaf's gross revenue. According to internal sources, the retailer plans to launch a food marketplace later this year. Pão de Açúcar also highlights its food and delivery startups, which showed positive numbers in the first quarter. "Other robust factors are the startups Cheftime and James. Foodtech Cheftime continues to show average monthly growth above 40%, while James saw the number of orders grow more than 800%, both results in the 1 quarter of 2020," the network said.