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Fernando Tracanella  Quotes
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,...

—Fernando Tracanella

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Drivers
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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.

—Fernando Tracanella

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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...

—Fernando Tracanella

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The company’s sales were affected by deflation in food prices, lower disposable income for consumers and higher consumer debt levels because of previous purchases of durable goods on credit.

—Fernando Tracanella

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