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France-based Carrefour said total sales, at constant exchange rates, rose 2.5% to €21.7 bn in its fourth quarter. Its performance in its home country, which were accentuated by market conditions, held back its overall growth, offsetting positive results in Europe, especially Spain, and Latin America, especially in Brazil.

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GPA has reported gross revenue of BRL59.1bn (US$14.2bn) for 2019, representing solid growth of 10.3%. In this article we explore five key themes underpinning its performance. 1. Atacarejo continues to drive solid growth GPA’s atacarejo (cash and carry) banner Assaí continues to be the business’s highest performing subsidiary. Assaí’s gross revenue reached BRL30.4bn (US$7.3bn) in 2019, repre...
In June 2019, private equity business Advent International acquired an 80% stake in Walmart’s Brazil operations. Walmart maintains a 20% stake in the business, which has been renamed Grupo BIG. In early 2019 it announced its plans to invest BRL1.2bn (US$287m) into modernising and expanding stores over its first 18 months. For more information on the acquisition see our article . Rebrand...
Cencosud has reported supermarket revenue of CLP1,670.3 tr (US$2.1 bn) in Q3. In local currency this represents a 0.6% increase. The slight growth was driven by revenues in Argentina, Chile and Colombia, but partially offset by Brazil and Peru. In constant currency, revenues increased by 6.9%. This reflects the depreciation of the Argentine peso and Colombian peso against the Chilean peso. Pl...

Presentations

06/01/2020
We review the five key trends set to shape the Latin American grocery market over the next 12 months and beyond.
12/12/2019
In this presentation we look at the regional and country forecasts for grocery retailing to 2024. With the global grocery retail landscape changing fast, providing both opportunities and challenges for your business we look at the changes to our outlook to help you better understand how we see them growing and evolving to 2024.
06/11/2019
We explore the key growth markets for the convenience channel in Latin America. This outlines the conditions shaping its growth in these markets. We also deep-dive into five key themes that will influence future development in the channel.
View all presentations

Key presentation

This in-depth guide to Brazil explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

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