Latin America News & Analysis

28 October 2019
In its Q3 results, Walmex has reported consolidated revenue growth of 4.9% for its operations in Mexico and Central America. Total revenue for its stores in Mexico reached MX$126.98bn (US$6.7bn), representing a 5.2% growth. Performance driven by continued same-store sales (SSS) growth Walmex’s performance was mainly driven by strong SSS, however this was reduced when compared to Q3 last yea...
24 October 2019
Carrefour has announced gross sales of BRL$15.1 bn (US$3.7 bn) in Q3 for its Brazilian operations, an 8.9% growth (excluding petrol). Like-for-like (LFL) sales rose by 3.8%, a decelerated level versus Q2 (+7.7%) and Q3 2018 (+5.1%), mainly attributed to the decelerating food inflation. The LFL growth represents an outperformance versus Carrefour’s main Brazilian competitor, GPA, whose LFL rose...
23 October 2019
Many shoppers in Brazil are now using atacarejo (cash and carry) for their weekly/bi-weekly shop. This has affected the way that they shop in other formats. GPA’s 2018 strategy saw the business shift its focus to store optimisation, particularly of its supermarkets. Optimising existing stores GPA had 184 stores under its Extra Super supermarket banner. To make them more relevant to changi...
21 October 2019
GPA has reported gross sales of BRL$14.6bn (US$3.5bn), representing strong growth of 9.5% in Q3. This is despite a 2.4 pp drop in inflation versus the first half of the year. Like-for-like sales were flat for its hypermarkets and supermarkets, but up 3% for the Assaí (cash and carry) format. Total sales for Assaí banner up 19% year-on-year Gross revenue for the Assaí banner reached BRL$7.6b...
16 October 2019
Uber has announced its acquisition of Cornershop, a grocery delivery app founded in Santiago, Chile and launched in 2015. An undisclosed fee has been agreed, however the deal is subject to regulatory approval. If it does go ahead the transaction is expected to close early 2020. Cornershop acquisition by Walmart previously rejected Walmex (Walmart Mexico) previously tried to acquire the Corn...
14 October 2019
Carrefour Brazil has handed over the management of 17 of its supermarkets in the South Eastern state Minas Gerais. The stores, which are all located in the state capital Belo Horizonte, will be managed by a regional family-owned retailer Super Nosso, however Carrefour will retain ownership. Luis Moreno, chief executive of Carrefour Varejo (Carrefour’s supermarket and hypermarket operations) sa...
14 October 2019
In this article we look at fantastic examples of brand activation we have seen on recent trips to Brazil and Mexico, the two biggest markets in Latin America. All of the featured images and videos were taken in hypermarkets and supermarkets, predominantly in the major retailers’ premium formats. We were impressed by some of the innovative merchandising we saw. In our view, this would exceed ...
09 October 2019
The fastest growing channel in Brazil recently has been the atacarejo (cash and carry). A growing number of customers are migrating to it from supermarkets and hypermarkets. As a result, the major retail players are having to re-think their strategies for these channels to remain relevant.   Why is atacarejo so popular with customers? The atacarejo channel is unique compared to other mark...
24 September 2019
Colombian discounter D1 has said it believes there is scope for it to operate over 2,000 stores in the country, doubling the number of stores it operates presently. Given its aggressive expansion in recent years, we see this as a realistic target and one that is likely to be achieved sooner rather than later. The business recently opened its 1,000 th store In July 2019 D1 opened its 1000...
17 September 2019
Spain-based discounter DIA has highlighted the positive developments it has taken in the first six months of its financial year. At the same time the retailer said gross sales under banner had fallen by 18.3%, or by 6.9% at constant exchange rates, to €4.25 bn. Disruption affected overall performance DIA reported that like-for-like sales dropped by 7.8% in the half, versus 3.6% in H1 2018, ...