Latin America News & Analysis

24 November 2020
On November 5 Walmart Mexico (Walmex) opened the first store under its Walmart Express banner. Following our in-depth look at the strategy and expansion plans for the new banner, we now take a closer look at the pilot store and its new features. Source: Walmex Refreshed design and layout The store’s design has been modernised. New signage, with large lettering and colourful imag...
17 November 2020
Walmex has launched an innovative new supermarket banner in Mexico. Its first Walmart Express store opened November 5 in Lomas del Valle, in the city of Puebla. With an initial investment of MXN1.3 bn (US64m), the business plans to convert existing Superama supermarkets to the new format, as well as opening new stores. Source: Walmex Stores will be a mix of conversions and new stores ...
16 November 2020
Spain-based DIA announced group net sales increased by 2.5% to €1.7 bn, with like-for-like (LFL) sales up 6.3%. The retailer continues to improve its performance by focusing on the five pillars of its roadmap, which includes optimisation of its assortment, its private label ranges, online sales and express delivery, franchisees, and operations. Sales performance DIA Spain’s sales increased ...
10 November 2020
Amazon announced it has opened three new distribution centres in Brazil to decrease delivery times in different regions of the country. Largest logistical expansion in the country The three new distribution centres are located in Minas Gerais, Distrito Federal, and Rio Grande do Sul, and mark the largest logistical expansion for Amazon in the country so far. Amazon now operates eight distri...
10 November 2020
Until recently, Brazilian consumers have had a negative perception of private label, with many considering the products as being of low quality. Suppliers have invested in their brands building strong connections with shoppers, which has created a challenge for retailers looking to encourage them to try something new and different. It is, therefore, key for private label products to co-exist al...
05 November 2020
Colombian business Koba Colombia SAS (Koba) opened its first D1 discount store in Medellín, Colombia, in 2009. D1 became the first discount chain to enter the market. A decade later, Koba celebrated the huge milestone of opening its 1,000 th store and announced ambitious plans to double this number. In recent years, the business increased the pace of store openings and on Wednesday 7 Oc...
28 October 2020
Carrefour reported total sales rose 5.5%, at constant exchange rates, to €19.7 bn, with like-for-likes rising 8.4% in its third quarter. The retailer said its growth was its ‘ best performance in at least 20 years ’. The positive results were broad based, with most markets and channels seeing growth, and came despite ‘ an unfavourable petrol effect ’ and ‘ an unfavorable exchange rate effect ’...
27 October 2020
In February 2019, LetterOne Retail (the majority owner of DIA Group) announced its Make DIA a Champion five-year rescue plan to secure the retailer’s future. Prior to this DIA had been facing serious financial difficulties. The Make a DIA a Champion plan is now well underway and is showing impressive results . In Q3, DIA Brazil’s net sales increased by 20% (in local currency), with a ...
16 October 2020
Mexican business FEMSA Comercio, which controls the Coca-Cola bottler FEMSA and operates the OXXO convenience store chain, has reached an agreement to acquire OK Market, OXXO’s direct competitor in Chile. OK Market is a convenience banner owned by SMU, Chile’s largest retailer by store numbers and third largest by revenue. After more than a year of negotiations FEMSA has reached a binding ag...
05 October 2020
In October 2019, Uber announced it had reached an agreement to acquire a majority stake in Chilean grocery delivery start-up Cornershop, subject to regulatory approval ( covered here ). The move would enable Uber to extend its on-demand offer across the Americas to include grocery delivery. Source: Cornershop In July 2020 Uber Technologies unveiled that users in select Latin Americ...