Brazil mall executives shrug off looming Amazon.com expansion [Reuters]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Reuters
Brazil mall executives shrug off looming Amazon.com expansion | Reuters 5 Min Read SAO PAULO (Reuters) - Fears of e-commerce taking off in Brazil have sunk shares of the country’s big mall operators this year, but industry executives expressed confidence that local shopping habits, the reputation of malls as public spaces safe from crime and other factors will help them avoid the shakeout that has hit their U.S. peers. The optimism of executives gathered this week at the Shopping Center International Congress in Sao Paulo contrasted sharply with global investor sentiment about malls in the age of online retail. E-commerce giants Amazon.com Inc ( AMZN.O ) and Argentina’s Mercadolibre Inc ( MELI.O ) have set major expansions here, spooking some foreign investors and sending shares in Brazil’s three largest mall operators down more than 19 percent so far this year. Executives and some major Brazilian shareholders say the threat of e-commerce is overblown. They say a better mix of non
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MELI
News
- MercadoLibre, Inc. (MELI) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- E-commerce firm MercadoLibre to increase staff by 30% in 2024 [Reuters]Reuters
- E-commerce firm MercadoLibre to increase staff by 30% in 2024 [Yahoo! Finance]Yahoo! Finance
- Why MercadoLibre (MELI) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- MercadoLibre to hire 6,500 people in Brazil in 2024 [Reuters]Reuters
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- 2/14/24 - Form SC
- MELI's page on the SEC website