Sendas Distribuidora S.A. Opens 28 Stores in 2021, an Expansion Record for A Single Year, Confirming the Company's Top-Notch Execution Capacity
December 30, 2021 at 04:49 pm EST
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Sendas Distribuidora S.A. informed its shareholders and the market that, with the third store inaugurated on December 29th in São Gonçalo (RJ), has concluded the strong 2021 expansion plan, with 28 openings in a single year. There were 24 organic stores, which represents a record for the Company and for the cash and carry segment, and another 4 conversions from other formats. During the last quarter, 21 stores were inaugurated, of which 13 in December, reflecting the Company's high execution capacity. Thus, Assaí ends 2021 with 212 stores in operation and a total sales area of 964 thousand square meters, 19% higher when compared to 2020. In 2021, Assaí opened stores in all regions of the country, expanding and strengthening the Company's national presence. 14 different states received new stores, including Acre, with the first unit in Rio Branco. As a result, the Company is now present in 23 states and the Federal District. Furthermore, in addition to surpassing the mark of 200 stores and in line with the regional assortment strategy to suits the target audience, Assaí opened a concept store in Barra da Tijuca (RJ) that has a differentiated product mix, greater offer of services, as well as a modern and sustainable construction. Assaí's expansion will remain strong over the next two years, with more than 30 new organic openings and the conversion of up to 70 Extra Hiper stores. As disclosed in a joint material fact with GPA on 16/12/2021, the operation involving the conversion of Extra Hiper stores is in line with the original schedule. The expansion brings several opportunities to society. In 2021, around 8,500 direct jobs and 7,000 indirect jobs were created. In addition, reinforcing its commitment to being an agent of transformation, improving and innovating the way of doing business aiming to build a more responsible and inclusive society, Assaí, among other initiatives, donated 110 thousand basic food baskets during the year; expanded the Prêmio Academia Assaí Bons Negócios, a free support and training program aimed at micro and small entrepreneurs; and made a commitment to reduce its operation's carbon emissions by 30% by 2025.
Sendas Distribuidora SA, also known as Assai Atacadista, is a Brazil-based company mainly engaged in the food distribution sector. The Firm's activities are divided into two operational segments: Cash & Carry and Retail. Through the Cash & Carry segment, the Company offers food, bazaar items and other products to wholesale customers, through self-service stores operated in Brazil under the Assai brand name. The Retail segments includes operations of hypermarkets, supermarkets and convenience shops under following brands: Exito, Carulla, Surtimaorista, Surtimax, Super Inter and Viva Malls in Colombia; Devoto, Disco and Geant in Uruguay; and Libertad, Mini Libertad and Paseo Libertad Malls in Argentina.