* CFO says to hit 2012 targets, investment near $860 million
* Growth focused on small supermarkets, NE and CW regions
SAO PAULO Dec 19 Grupo Pão de Açúcar
, Brazil's biggest retailer, plans to boost its
supermarket business in 2013 with 100 new Minimercado Extra
stores, Chief Financial Officer Vitor Fagá said on Wednesday.
The plan comes as the company expects to hit all of its
targets for this year, Fagá told a meeting of investors and
analysts in Sao Paulo.
"We will clearly meet our guidance for this year," he said.
"Investment is very close to 1.8 billion reais ($860 million)."
The retailer's robust growth and aggressive capital spending
reflects a strong bet that household consumption will continue
to drive Brazil's economy.
Rising consumer debt has weighed on demand for appliances
and electronics this year, but Pão de Açúcar's focus on its food
business has enabled steady growth.
The company aims to boost investments 80 percent over the
next three years in a push to increase sales by around 50
percent, according to local media reports.
Sales space has grown about 6 percent among the group's food
retailers, Fagá said, at the bottom of the company's 6 percent
to 6.7 percent target range for this year.
The small neighborhood Minimercado Extra supermarkets will
continue to be the focus of the group's growth, according to
Fagá. The company is also working to expand its presence in
Brazil's northeast and center-west regions.