Latin America News & Analysis

27 December 2022
While we consider that we have our finger on the pulse of retail, we can often be surprised by events in our industry. Given the volatility of the last few years, coupled with the challenges we’ve seen this year with inflation, labour and the supply chain, there’s been no shortage of the unexpected. Here are some of the initiatives and performances that surprised us. Discounters Aldi and Lidl...
21 December 2022
Walmart has announced new leaders for its businesses in Canada and Chile. The changes are being made following the departure of Haio Barbeito earlier this year from the top seat in Canada to lead US clothing retailer, Old Navy. Gonzalo Gebara to lead Walmart Canada Taking up the president and CEO position in Canada is Gonzalo Gebara, effective January 30, 2023. He currently leads the Walmar...
21 December 2022
On 29 th November 2022, we were joined by 194 delegates from across the world as we launched our global channel forecasts to 2027. Today we launch our supporting global channel forecasts 2022-2027 reports and answer questions that we were unable to respond to in the webinar’s Q&A session. Catch up on demand and be inspired For subscribers who missed the webinar session, the recording can...
15 December 2022
Carrefour acquired Atacadão, a hypermarket/cash & carry hybrid, in Brazil in 2007. Since then, it has grown to become the retailer’s most successful banner in the country, representing over half of Carrefour Brazil’s sales. The retailer recently outlined its 2026 strategy , which details plans to launch the banner in Europe in autumn 2023.   A unique store format… Atacadão belongs to...
23 November 2022
As retailers adjust to a rising cost base, we are seeing several changes in the in-store environment. Initiatives are being focused in four key areas including reducing labour requirements, improving productivity, reducing energy costs and limiting food waste. Here are some global examples. Reducing labour The focus on reducing labour is mainly being driven by the vacancies retailers are fa...
15 November 2022
Walmart delivered a strong Q3 sales performance, setting it up for the holiday trading period. We look at the factors driving its results and expectations going forward. Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 8.7% to $152.8 bn, representing an additional $12.3 bn year-on-year Sales in its US stores increased by 8.5%, with Sam’s Club up 12.8% US ecommerc...
09 November 2022
The Carrefour group shared its new strategic plan to 2026, which reflected on its achievements and showcases its new evolving strategic plan. The group plans to build a stronger and more competitive model which creates more value. Carrefour has set several objectives to gain market share, reduce food waste, increase its commitment to climate change and enhance its private label range. Taking a...
03 November 2022
OXXO, a Mexican convenience store chain (owned by FEMSA), recently announced it will open two new stores every three days until the end of the year. As of September 30, 2022, OXXO operated 20,899 stores across Latin America, and in November last year, it announced its 10-year plan to open 10,000 stores. Following a successful acquisition of Valora Group (more below), we will soon start to see ...
28 October 2022
Casino Group has reported net sales growth of +10.6% and +5.4% on a same-store basis in Q3 2022. Convenience channel boosts sales in France In Q3 2022, Casino saw sales increase by +3.9% on a same-store basis in France, an improvement on its Q2 performance of +3.4%. Its French retail sales reached €3.6 bn in Q3. Its convenience stores showed the biggest increase in sales, as the continue...
27 October 2022
Carrefour reports a strong performance in a challenging environment, especially as inflation accelerated across all European markets. The retailer confirms its sales in Q3 2022 reached €23,504m an increase of 19%, with like-for-like (LFL) sales growing by 11.3%, compared to Q3 2021. Source: Carrefour Alexandre Bompard, Carrefour’s Chairman and CEO addresses Q3’s outcomes ‘In an en...