Sonae registers increased retail sales

Sonae registers increased retail sales

Shopping centres || Retailers at Sonae’s shopping centres recorded higher sales in 2014, which could just indicate consumer confidence is growing.

According to Portuguese retail giant Sonae Sierra, sales made at its shopping centres increased 6.8% between January and September 2014 compared to the same period in 2013.

Álvaro Costa, commercial director for Sonae Sierra’s shopping centres, said “the recovery of sales became a noticeable tendency in the second half of 2013” with 2014 “confirming the improvement”.

Although official data is yet to be released, Costa is also confident that the number of shopping centre visitors was up in 2014 compared to 2013’s 172 million visits.