RIO DE JANEIRO, BRAZIL - E-commerce sales in Brazil lost steam in July, in the opposite direction of overall retail growth in the wake of the Covid-19 vaccine rollout, a survey showed Tuesday.
According to a Mastercard survey, which measures sales in physical and online stores, retail sales in Brazil last month grew 23.1% over last year while e-commerce dropped 9.6%.
The survey also showed that the segments with the highest increases in July were restaurants (+85%), clothing (+66%), fuels (+58%) and personal items (+51%).
According to Mastercard Brazil's general manager Estanislau Bassols, physical retail . . .