Fernando Tracanella
Fernando Tracanella
company expenses fourth increase progress reduce
Many initiatives to reduce expenses have been implemented, and we started to see some progress in the fourth quarter. But we see the company with many opportunities to increase efficiencies and reduce expenses.
april calendar compared comparison difficult impact increase last march minimum quarter recovery sales second shift year
The comparison will be difficult because of the calendar shift of Easter, which is in April this year compared to March last year. That will have a big impact on the March numbers. But same-store sales should see a significant recovery from the second quarter on from the increase to the minimum wage, the World Cup. There will be many drivers.
changes company deep drivers higher including increasing management margins negotiate points present pricing several terms
There were some drivers for increasing margins in 2005, including better negotiations with suppliers and higher pricing points in stores. The company made several deep changes in terms of the way we negotiate with suppliers, as well as how pricing in stores, present products...category management issues.