Goldman Sachs analysts provide insights from the Brazilian Association of Textile Retail (ABVTEX), highlighting a modest apparel sales recovery amid persistent consumer macro pressures. Retailers are currently navigating significant informality and competition from cross-border imports.
Key Takeaways
- 1.Apparel sales have improved since early May, driven by colder weather in Brazil's Midwest, Southeast, and South, despite broader consumer pressure.
- 2.Market informality remains a structural challenge, estimated at 30-35% of the apparel market, with growth in social media-based digital informality.
- 3.Large retailers are successfully managing raw material cost pressures by negotiating with suppliers and shifting toward imported finished products.
Table of Contents
- Brazil Retail: Apparel Retail: Takeaways from meeting with Brazilian apparel retail association ABVTEX
- Disclosure Appendix
- Reg AC
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Regulatory disclosures
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Authors
Irma SgarzFelipe RachedGabriela Leme
Themes
Market InformalityCross-border CompetitionSupply Chain Resilience
Regions
Latin AmericaBrazil