Pepkor Holdings Ltd. plans to almost double its previous target of opening 50 outlets a year in Brazil as Africa’s largest clothing retailer pushes for faster growth in South America.
The company’s Grupo Avenida S.A is on track to unveil 26 stores in the six months through the end of September, adding to the 22 shops opened in its first-half, chief executive officer Pieter Erasmus said in an interview Tuesday after the earnings report….