June 24, 2020 / 5:24 PM / 20 days ago

Brazil's Iguatemi sees customer flow at least 50% lower in reopened malls

SAO PAULO, June 24 (Reuters) - Brazilian upscale malls operator Iguatemi Empresa de Shopping Centers SA sees customer flow at between 35% and 50% of what it used to be before the coronavirus pandemic, its Chief Financial Officer said on Wednesday.

"It is still early to assess post-pandemic consumption patterns, especially as we are operating with reduced opening hours in most of our malls," CFO Cristina Betts told analysts and investors in a call on the COVID-19 impact on operations. "Sales conversion varies according to each mall and also depends on categories," she added. (Reporting by Gabriela Mello Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below