STXNEWS LATAM-Brazil holiday sales 'mostly' in line, Goldman says
December 28, 2012 at 05:58 AM EST
According to a client note by Goldman Sachs Group analyst Irma Sgarz, early feedback from retailers and trade associations suggests that this year's year-end holiday sales "came broadly in line with the already upwardly-revised expectations, with average sales growth of around 5 percent in real terms." Yet, while sluggish traffic in the first two weeks of December seemed to suggest consumers were putting off Christmas purchases until after being paid the second installment of their year-end bonu