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Christmas Sales Up 11% Over 2008

By Carlos Graffigna, Contributing Reporter

As the world economy continues a slow recovery from the dismal 2008, Christmas sales at shopping centers in Brazil had a healthy holiday season. According to ALSHOP (the Brazilian Association of Shopping Center Stores), retail sales had a nominal increase of 11.26 percent, a net increase of seven percent on December 2008 with inflation adjustments taken into consideration.

These solid numbers were also reflected in an increase in seasonal jobs offered with 140,000 people hired this year up from 113,000 in 2008 . . .

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