Latin America News & Analysis

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...
22 September 2020
Walmart is targeting zero emissions across its global operations by 2040. The retailer also plans to manage or restore at least 50m acres of land and 1m square miles of ocean by 2030 to help combat the cascading loss of nature. On the path to becoming a regenerative company These new goals represent a raising of ambitions at Walmart as the retailer aims to play a leading role in transformin...
21 September 2020
Mexican Coca Cola bottler FEMSA, which owns the OXXO convenience chain, recently announced the chain had seen a 24.1% decrease in store traffic during the early phases of the pandemic. This led to a decline in sales, which was accentuated by a reduction in the average customer ticket as well. For Q2, FEMSA reported an 8% decline in revenue for its proximity stores, with same-store-sales down...
07 September 2020
Grupo Nós, a joint venture between Raízen (one of Brazil’s largest energy companies) and FEMSA Commercial (owner of the OXXO convenience chain), has announced plans to open 500 OXXO stores in Brazil over the next three years. This will create a more competitive landscape in the market, particularly in the south east region.   FEMSA joint venture with Raízen Raízen, a Shell brand licensee, i...
27 August 2020
Hirota is a Brazilian grocer with more than 40 stores in São Paulo, between supermarkets and convenience stores. In response to the pandemic, and to support vulnerable sections of society, the business has begun to open fully autonomous micro convenience stores, built in common areas of condominiums.   Following on from our recent article on the new proposition ( here ), we caught up with ...
18 August 2020
Mexican start-up Jüsto (Fair) was launched in July 2019 as Mexico’s first 100% online supermarket. Over the next 10 years it aims to become one of Latin America’s favourite supermarkets. It believes it can do this by employing the best talent and developing technology, which will allow it to compete with the largest retailers. “We are looking to revolutionise the industry… with a better qua...
31 July 2020
Jerónimo Martins revealed a mixed Q2 performance with an overall decrease in sales. Biedronka displayed a strong sales performance whereas, Ara’s expansion plans were impacted from the pandemic’s mandatory restrictions in Colombia.   Sales performance Jerónimo Martins’ consolidated sales decreased by 1.3% to €4.6bn with like-for-like (LFL) performance of -0.7%, in Q2 2020. Group EBITDA decr...
30 July 2020
France-based Casino reported consolidated net sales up by 10.4% (same-store basis) in Q2 driven by strong demand across France and Latin America due to the COVID-19 pandemic. However, the group saw a net loss of €87 m during the first half of the year, mainly due to increased costs.   France: same store sales growth +6.0% driven by convenience and supermarkets Total net sales decreased by 5...
30 July 2020
Carrefour reported Q2 results as like-for-like (LFL) sales increased by 6.3%. The strong results were driven by the good performance and omnichannel strategy in most markets including Spain, Belgium and Brazil. Q2: atypical activity due to COVID-19, convenience +19.0% LFL The multi format and omnichannel model confirmed its resilience and adaptation to the various shopper needs during the d...