Investors buy Brazil mall stocks but shun struggling retailers

Brazil’s retail giants struggled under high rates and increased scrutiny after the surprise implosion of Americanas SA back in January. _ Bloomberg

BRAZILIAN malls are back in consumers’ good graces, rebounding from years of losses while the country’s retailers struggle to survive high debt loads and fierce online competition.

Shares of Allos SA are up close to 60% this year, on track for their biggest annual jump since 2019.