Brazil: Retail Foods
Despite the impact of the coronavirus pandemic in the Brazilian economy, the retail industry registered a positive performance. Retailers were able to capture consumption from bars and restaurants and benefit from consumers dedicating more time to cook at home. The Brazilian Supermarket Association (ABRAS) reported supermarket revenues at US$145 billion. Among the group of the 500 largest supermarkets, sales increased by 21 percent totaling US$74.7 billion, which represented an increase of 21 percent compared to 2019.