Sugarloaf sales grow 15.8% in Q3

SAO PAULO-the Pão de Açúcar Group announces third quarter sales performance of 2013, in which earned net revenues of r $ 14,077 billion, an increase of 15.8% in comparison with the same period last year. The consolidated data of the Group include food and ViaVarejo GPA operations and exclude real estate developments.
Gross revenues reached r $ 15,720 billion, up 15.0%, which the retailer administration assigns the inauguration of 20 stores last quarter, totaling 132 in 12 months, and the growth of gross sales in the "same stores" concept (open for more than one year) of 10.8% in the consolidated.
GPA business gross revenue growth presented Food same stores of 7.1% in the third quarter, while the Viavarejo had percentage of 15.4% in this same indicator. The food category grew 7.9%, with emphasis on perishables, and non-food increased by 13.1%, pulled by technology (mobile phones, tablets, and TVs "," with growth in all formats operated by the group, "says the Communique. "The specialty stores (Pontofrio and Casas Bahia) and e-commerce have accelerated the pace of the previous periods front sales, while hypermarkets followed showing recovery of sales in this category", cites the note, without more details.