CBD - Companhia Brasileira de Distribuicao [LOGO]
Announces its Investment Plan for the year 2001
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Sao Paulo, Brazil, December 18, 2000 - CBD (NYSE [CBD]; BOVESPA [PCAR4])
announces its proposed Investment Plan for the year 2001.
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CBD announces its proposed Investment Plan for the year 2001, approved at the
Board of Directors Meeting on December 12, 2000. The Program forecasts the
opening of more than 50 new stores, as well as store remodelings, development of
new technologies and a new distribution center for refrigerated products.
The total investment is estimated in R$ 625 million, distributed as shown in the
following table, CBD sales area is expected to increase approximately 12% and
the Company expects to generate additional 6,000 jobs.
Investments in 2001
(R$ million)
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New stores and lands 400 New stores & Lands 64,0%
Remodeling 125 Remodeling 20,0%
Logistics 40 Logistics 6,4%
Technology 40 Technology 6,4%
Other 20 Other 3,2%
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Total 625
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In the Hypermarket Division, CBD plans to open 4 to 5 new Extra stores and
acquire lands in strategic locations, focusing the continuity of this Division's
organic growth.
In the Supermarket formats, the Company's main focus will be the Barateiro
Division, which is expected to grow in the Greater Sao Paulo, by opening
approximately 30 to 50 new stores.
In Pao de Acucar Division, growth will be based on the opening of 10 new stores.
CBD will also continue the store remodeling program, keeping the current
modernity standard and premium customer service of this division.
In the Eletro format, efforts will be concentrated on the opening of 10 to 20
new stores and the continuity of the store remodeling program, an important
competitive advantage of this division.
Companhia Brasileira de Distribuicao and its affiliated company operate a total
of 418 stores in 11 Brazilian states through 5 different formats. In addition to
the Pao de Acucar and Barateiro supermarket formats, CBD operates Extra
hypermarkets, Eletro home appliance stores and e-commerce through the Amelia
Division.
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Aymar Giglo Junior Fernando Tracanella
Investor Relations Director Investor Relations
Fone: 55 (11) 3886 0421 Fone: 55 (11) 3886 0421
Fax: 55 (11) 3884 2677 Email: [email protected]
Email: [email protected]
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Website: http://www.grupopaodeacucar.com.br
