UPDATE 1-Brazil No. 1 retailer GPA to cap costs after earnings plunge
February 25, 2016 at 10:17 AM EST
SAO PAULO, Feb 25 (Reuters) - GPA SA , Brazil's biggest retailer, plans to keep a lid on operating expenses and expand cautiously this year as it defends market share in a deepening recession, executives said on a call to discuss a sharp drop in quarterly profit.