Recent Study: Apparel and Footwear in Brazil
In 2013, Brazil witnessed a strong increase of interest rates and household indebtedness and a decline of consumer confidence. In addition, the FIFA Confederations Cup and the wave of street protests that took place in June contributed for a difficult year for the retail sector. Despite the macroeconomic challenges, apparel and footwear continued to show a strong performance this year, which was driven mainly by larger retailers' strong investments in store openings and credit facilities.
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