A file photo of people walking through Iguatemi shopping mall in Sao Paulo, Brazil. Brazil’s online sales growth accelerated to 30% in the past five weeks, according to local e-commerce association ABComm, with stay-at-home measures luring consumers and pushing retailers to migrate online. — Reuters
SAO PAULO: Brazil’s battered retailers are starting to reopen after weeks of coronavirus lockdown but may exit the crisis transformed, with the e-commerce sector strengthened and brick-and-mortar chains facing an uphill path to normality.
That is potential good news for major local online retailers B2W Companhia Digital SA, Magazine Luiza SA and Via Varejo SA, despite increasing competition from international players Mercado Libre and Amazon.com in Latin America’s largest market.
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