Brazil’s largest retailer to add 100 mini stores in 2013
Sao Paolo, Brazil -- A Wednesday report by Reuters said that Brazilian grocer Grupo Pão de Açúcar – the country’s largest retailer – plans to open 100 new mini stores in 2013. The small-format concept is called Minimercado Extra, according to CFO Vitor Fagá.
The Minimercardo Extra format of small neighborhood supermarkets will continue to be the focus of the group's growth, according to Fagá. The company is also working to expand its presence in Brazil's northeast and center-west regions.