Sales in shopping malls grew 81.5% in April compared to April 2021, says Abrasce

The shopping center sector registered the 13th consecutive monthly increase, reaching an increase of 81.5% in sales in April, compared to the same month of last year, according to the balance of the Brazilian Shopping Centers Association (Abrasce), based on survey of the Cielo Retail Index in Shopping Centers (ICVS-Abrasce).

In real terms, when discounting inflation, growth was 61.8%. In the first four months of 2022 alone, malls’ trade accumulates a recovery of 45.1% compared to the first four months of 2021.

From a regional point of view, the Southeast stood out in the month by growing above the national average with an increase of 114.1% in sales. In the period, all other regions also had growth: Central-West (71.2%), Northeast (68.3%), South (49.6%) and North (43.5%).

Impacted by the macroeconomic scenario, especially by inflation, the average ticket for April in mall stores closed at R$124.46, which represents a reduction of 12.24% when compared to R$140.22 in the same month of 2021 .

Abrasce president Glauco Humai says there should be continued growth in the coming months, but at a slightly slower pace, as rates will now be compared with a higher base period, recorded in 2021, when ventures resumed operation.

“We are getting closer and closer to pre-pandemic levels and this gives us the prospect of even more encouraging results throughout the year. Something even natural, because little by little, Brazilians are returning to the habit of going to shopping malls and enjoying all the convenience and practicality that the developments offer”, concludes the executive.