Shopee’s rise raises risks for battered retail shares


Shop online

SINGAPORE: The rapid expansion of Sea Ltd’s Shopee e-commerce platform in Brazil has emerged as the latest threat for the country’s retailers, posing a risk to any recovery in their battered shares.

Retailers Americanas SA, Magazine Luiza SA and Via SA have all extended losses this year after slumping at least 58% in 2021, while an MSCI index for consumer-discretionary company shares trades near the lowest since 2004.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Shopee , retail , sales

   

Next In Business News

Pioneering car chip design
Carimin wins five-year oil and gas job
Heineken to sustain growth momentum
Solarvest unit secures TNB contract
Amir Hamzah: SST enhancements expected to help generate RM51.7bil revenue in 2025
Atlan to contest award compensation for compulsory land acquisition
Capital A's MRO arm receives Vietnam's Civil Aviation Authority's certification
Liew: Malaysia poised to become Asean's regional hub for EV manufacturing
Paragon Globe secures development rights for 71.52 acres in Iskandar Puteri
Solarvest's 30%-owned unit to operate as merchant generator under Neda

Others Also Read