Latin America News & Analysis

21 February 2019
Walmart’s business covering Mexico and Central America, Walmex, has reported solid quarterly and annual revenue growth for its operations in its home market. For Q4 Walmex generated total revenue of MX$145.9bn (US$7.6bn), a 6% increase year-on-year. The final quarter of the year showed a slowdown on the total year’s performance, with total revenues rising 8.1% in 2018. The strong revenue growt...
19 February 2019
We review Walmart's fourth quarter and full year results and the drivers behind its performance. Walmart's key numbers Walmart's total revenue in Q4 increased by 1.9% to $138.8bn Sales in its US stores increased by 4.6%, while the impact of club closures saw sales at Sam’s Club fall 3.7% US comp store sales increased by 4.2%, and by 6.8% on a two-year basis Sam’s Club comp sales...
11 February 2019
Spain-based DIA has reported its 2018 results, with gross sales under banner falling by 14.9% - a contraction of 0.9% in constant currency terms – to €9.39bn. The retailer reported that group like-for-like sales fell by 3.6% in 2018, adjusted by inflation in Argentina, versus a contraction of 4.9% in 2017. At the end of 2018, DIA operated a total of 6,157 stores with 336 store openings and 280 cl...
29 January 2019
Amazon has launched an in-house fulfilment and delivery network in Brazil. Till now Amazon in Brazil has predominantly sold only books and acted as a marketplace for third parties selling electronic and household items.  Fulfilling products across 11 categories From Tuesday 22 January 2019, the business has stocked and fulfilled products itself. Amazon is offering products across 11 categ...
28 January 2019
Mexican retailer Chedraui has announced plans to open 24 new stores across its formats in 2019. This is 18 stores fewer than the 42 openings projected in 2018. Chedruai said the 24 openings will consist of 10 Supercitos, eight Superchedraui and six Chedraui stores. Strategy for investing into assets In 2019, the business expects that growth in consolidated total revenues will be betwee...
23 January 2019
In its preliminary results announced on 21 January 2019, Carrefour Brazil has reported a 10.2% sales growth for Q4. This is the retailer’s fourth consecutive quarter of sales growth. First double-digit sales growth in since Q4 2016 Carrefour Brazil has reported consolidated gross sales of BRL56.3bn (US$15bn) in 2018. Fourth quarter sales represent BRL15.8bn (US$4.2bn). This is a 10.2% incre...
17 January 2019
Brazilian-based, Casino-owned GPA has seen an encouraging double-digit sales growth in its fourth quarter, following heavy investment in its store portfolio.  A strong December and increased same-stores sales contribute to overall performance GPA announced a 12.1% year-on-year increase in net sales revenue for its food division in Q4. This strong sales performance follows an equally strong ...
21 December 2018
Carrefour has achieved its aim of opening 20 new Atacadão stores in Brazil in 2018. It currently has 166 atacarejo stores and 27 wholesale delivery stores under the Atacadão banner. Plans to continue aggressive expansion plan in coming years Carrefour will continue its aggressive expansion of the format having announced plans to open 20 stores annually, for at least the next three to four y...
14 December 2018
We look at how retailers in Spain are extending their international partnerships and investing in digital to expand their reach. Alibaba’s AliExpress renews partnership with Correos Alibaba’s ecommerce platform AliExpress has extended its partnership with local postal service company Correos. The partnership, which began in 2015, aims to help small to medium-sized Spanish companies increase...
12 December 2018
Our new grocery market size forecasts underline how the top 20 countries globally are set to sustain their growth to 2023. By the end of the five-year timeframe we see the 20 biggest grocery markets, growing by 28%, adding US$1.9tr in sales. Asia leading growth outlook… Asia’s growth will be broad based. The region will contain seven of the world’s largest grocery markets by 2023 and will...