Sales at malls rose 15.2% in January compared to the same month in 2022, Abrasce said.

Places that reported higher results for the month than the national average compared to January 2022 were the Midwest (18.2%) and the Northeast (17.2%).

The Brazilian Association of Shopping Centers (Abrasce) reported this Friday that sales in shopping centers increased by 15.2 percent in January this year compared to the same month in 2022. Compared to the performance of the pre-epidemic period, sales increased by 0.6%.

According to Abrasce Market Monitoring – Cielo Retail Index in shopping malls (ICVS-Abrasce), the average ticket sales in shopping malls in January was Rs.119.68. The average price of street shops was 86.39 rubles.

Places that reported higher than the national average in January 2022 were the Midwest (18.2%) and the Northeast (17.2%). Southeast countries grew by 14.8%, followed by the South (14%) and the North (6.5%).

Abrasce emphasizes that the month saw an increase in the number of visitors to the developments, which also contributed to the positive sales result. The flow of people, according to data from IPEC and Mais Fluxo, increased by 19.3% compared to the same period in 2022, the highest monthly figure since July last year.

Abrasce president Glauko Humai notes in a note that the sector is showing consistent recovery from pre-pandemic losses. He notes that the normalization of economic activity, with the consequent increase in employment levels, has allowed greater mobility of people and trade in businesses.

“We closed 2022 with excellent results and started this year with a good performance. We estimate sales growth of 14.6% through 2023. The increase in the flow of mall visitors is a positive sign for the beginning of the year,” says the executive.

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