Costa Rica news

26 July 2018
We look at the top five stories in grocery retailing in Latin America over the last month. 1. Walmart buys 52 stores in Costa Rica Walmart has purchased 52 stores from Costa Rican retailer, Gessa. These are currently under the control of Grupo Empresarial de Supermercados. Gessa has four banners; Peri, Super Buy, Saretto and Express Day. They cater to a wide range of economic needs and diff...
20 April 2017
After the announcement of PriceSmart’s Q2 results we take a more detailed look at the warehouse club business that is building a growing presence across Central America, Colombia and the Caribbean. The numbers in brief Sales doubled since 2010 to USD2.8bn last year Sales increased 2.7% to USD1,4588.4m in the first six months of the fiscal year 2017 Sales increased 1.8%...
21 February 2017
Following Walmart's Q4 results announcement, we look at the latest performance and the growth outlook across several of its key markets.  Walmex continues to impress in Mexico Walmart majority owned Walmex continues to lead in the Mexican market, with a variety of formats delivering sales growth ahead of the market. In 2016 overall, total Mexico same store sales growth came in at 8.0%, wit...
11 January 2017
We explore how Walmex plans to consolidate its market leading position across Mexico and Central America. 1. Refocusing on food retail Over the last three years, Walmex has steadily disposed of operations that fell outside its core food retail business. In 2014 the retailer sold its restaurant chain Vips and the following year disposed of Banco Walmart. In August 2016 Walmex sold its Suburb...
24 November 2016
After a heady recent track record of impressive sales uplifts, sales growth has slowed in the past year at PriceSmart, the membership warehouse club. Here we explore why, despite this downturn, it remains a business we expect to grow.  A modest but significant player While PriceSmart is relatively small at global level, it is however a major player in the warehouse club channel in Latin Ame...
25 October 2016
In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...
22 September 2016
Latest UN population forecasts show Latin America urbanising at a faster rate than anywhere else on earth, with 89% of the population set to live in urban areas by 2050. This is accelerating the focus on its cities, posing infrastructural challenges alongside expanded opportunities. What's a megacity and why is it important? Megacities, and others that are just below the megacity thresho...
31 August 2016
MercadoLibre's chief financial officer, Pedro Arnt, said the second quarter of 2016 was one of its strongest ever. We look at three reasons why the online marketplace is one to watch in Latin America.   1. Consistently strong results Often referred to as the Latin American eBay (eBay is actually a major shareholder) MercadoLibre posted a 29% increase in net revenues, year-on-year, for t...
18 August 2016
We review Walmart’s second quarter results and the factors behind its improved performance.  Walmart’s total revenue increased by 0.5% to $120.9bn in the second quarter, with net sales at its US stores and Sam’s Club (ex-fuel) increasing by 3.1% and 0.4% respectively. International sales were down 6.6%, impacted by foreign currency (up 2.2% on a constant currency basis). Consolidated net incom...
18 August 2016
Walmart has reported a 0.5% increase in total revenue for Q2 of fiscal 2017, with what it called "overall...another solid performance" from its international business. We look at how it fared in key Latin American markets. International performance positive across most markets Internationally, net sales declined by 6.6% to $28.6bn, reflecting the impact of currency, with sales up 2.2%...