CBD Thrives As Consumer Spending Surges

Brazil's largest grocery retailer, Companhia Brasileira de Distribuição (CBD), has reported strong sales for the first quarter of 2009. In the three months to the end of March, CBD's sales increased by 18% on a same-store basis while net turnover spiked by 50.2% on the back of the acquisition of the Ponto Frio electrical goods retailer. The growth in like-for-like sales is a reflection of the strong operating environment, with Brazilian supermarket sales advancing strongly during the period and of CBD's strategic positioning which has seen it pick up customers thanks to a focus on diversifying its

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