UPDATE 1-Brazil's Via Varejo reopens stores, sees sales rebound after coronavirus [Reuters]
Companhia Brasileira de Distribuicao American Depsitary Shares; each representing one Common Share (CBD)
Last companhia brasileira de distribuicao american depsitary shares; each representing one common share earnings: 7/25 04:03 pm
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Source: Reuters
UPDATE 1-Brazil's Via Varejo reopens stores, sees sales rebound after coronavirus (Adds details, context and share performance) By Gabriela Mello SAO PAULO, April 24 (Reuters) - Brazilian home appliance and electronics retailer Via Varejo SA has reopened 170 of its more than 1,000 brick-and-mortar stores closed by coronavirus-related lockdowns, and sales have recovered after revenue fell by as much as 70%, executives said. “It’s still a small sample, but we see sales performing like in pre-COVID-19 times,” Chief Executive Officer Roberto Fulcherberguer said in a live-streaming presentation on Friday with research firm Eleven Financial. The company has also boosted e-commerce over the past weeks after assigning some store employees to help customers with online purchases via Whatsapp amid the pandemic, a tool that now represents 20% of all online sales. “We had over 20,000 employees at home, so we came up with this solution, which is now used by 7,000 employees and we see potential to
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