Brazil Consumers Draw Retail to Smaller Cities
on July 17th, 2008 at 7:57 amBrazilians’ biggest shopping spree since 2001, fueled by rising wages and credit, is drawing investments to smaller cities as retailers chase consumers outside of Sao Paulo and Rio de Janeiro. Macae, a former fishing village that’s now the base for Brazil’s offshore oil production, will open its first mall in September, meaning its 169,000 residents […] ↓ Read the rest of this entry…