Malls have in May 2nd largest sales growth of the year, says ABRASCE

Sales in shopping malls in Brazil in May rose 9.8% over the same period last year, the second best monthly performance of 2019, said on Wednesday (3) The association that represents the sector, ABRASCE. The sales growth of May, which concentrates the main purchase date of the first semester, Mother's Day, was behind the sales of February, when the sector found expansion of 11.7%, said the entity, citing data from the Cielo retail index in Shopping Centers. Abrasce had already informed in mid-May that sales in the mother's day period had risen 9.4% over the same period last year, exceeding expectations of the sector. The entity's perspective for sales growth in 2019 is 7%. In the first five months of the year, the sales expansion was 8.4% over the same period of 2018. The average value of sales in shopping stores in May was R $92.92, 35% above the value of street stores, according to the survey.