Latin America News & Analysis

25 October 2021
Walmart Mexico (Walmex) has reported another strong set of quarterly results for Q3 2021. Its total revenue grew by 7.7%, totaling MX$145.6 bn (US$7.2 bn), with same-store-sales growth of 6%. In March 2021, we covered Walmex’s strategic priorities for 2021 , which were announced during its annual Walmex Day event. Here we explore the solid progress it has made against two pillars: leading i...
18 October 2021
Earlier this year, Brazilian retailer GPA (part of the French retail group, Casino) successfully spun off its cash and carry format, creating two separate retail businesses (GPA and Assaí). On October 15, 2021, GPA entered into a binding agreement and strategic transaction with Assaí to sell the majority of its hypermarkets, which will be converted to Assaí. 71 stores to be converted to Assaí...
13 October 2021
Chilean multichannel grocer SMU is the third largest grocer in Chile (in revenue terms) but operates the largest number of stores. At its annual SMU Day, held on September 30, 2021, it provided an update to its strategy, which has a strong focus on developing its omnichannel capabilities.  Its strategy is centred on four pillars: customer experience, omnichannel growth, efficiency and producti...
08 October 2021
Mexican business Jüsto was established in 2019, as the countries’ first pureplay (100% online) grocery delivery business. It launched with an ambitious aim to disrupt the grocery industry in Latin America and within its first two years raised an impressive US$100m venture capital investment. On Tuesday 5 October, Jüsto announced it had formed an alliance with Rappi, Latin America’s lar...
24 September 2021
Quick commerce is becoming increasingly competitive in Latin America. The sector is currently dominated by local operators, including Rappi, Cornershop (recently acquired by Uber), and iFood. These businesses have profited from their local know-how, such as understanding consumption habits and knowledge of LatAm’s complex road networks, which is fundamental for logistics and delivery.   This y...
15 September 2021
Walmex (Walmart Mexico) is the leading grocery retailer in Mexico, where it operates close to 2,700 stores. In November 2020, it launched its new Walmart Express supermarket banner and announced plans to convert all stores under its premium Superama banner to the new format, in addition to opening new stores. During the pandemic, shoppers have been seeking value and they increasingly wan...
07 September 2021
Colombia-based retailer Grupo Éxito (part of the French retail group Casino), operates 84 stores under its premium supermarket banner Carulla. In August 2021, the business appointed Guillermo Matías Destefanis as Carulla’s new executive director. Destefanis previously managed the Devoto supermarket banner in Uruguay, which is also owned by Grupo Éxito. In recent interviews with Colombian ec...
02 September 2021
In our 2021 sustainability trends report, which subscribers can access here , we highlighted four trends shaping the way retailers are approaching the topic. The trends include reducing plastic packaging, partnering to win, supporting communities and sustainable stores. Given the recent focus on reducing plastic packaging from many companies globally, in our packaging free the global opportu...
02 September 2021
After announcing plans to launch a purchasing alliance , the partnership between Casino and Intermarché officially started on 1 September. The partnership starts ahead of the 2022 trade negotiations. Auxo to focus on range of solutions… As part of the alliance Casino and Intermarché will be purchasing goods together, but also developing digital services and producing private labels. The ...
16 August 2021
Chilean startup Algramo, which translates to ‘by the gram’, was established in 2013. In its first years the business installed vending-style machines in neighbourhood supermarkets, which sold bulk products such as cleaning detergents and commodities like rice and beans. This unique initiative enabled customers to buy these products in bulk in reusable containers, saving them money on the cost of ...