Latin America News & Analysis

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...
07 December 2018
In a bid to drive innovation, DIA has made new appointments to its senior management team, hiring "the best". CEO Antonio Coto aims to make DIA more agile and capable of anticipating the needs of the markets in which it operates, whilst having a more innovative and attractive proposition. The appointments After suspending the previous finance director, Armando Sánchez Falcón in October and ...
06 December 2018
Currency volatility and reduced consumer spend have proved challenging for Chile-based Cencosud, who appointed a new CEO and new regional business leaders during Q3. We dive further into the retailers Q3’s results and its performance in all its markets. The currency depreciation of the Argentine peso and Brazilian real against the Chilean peso have been the biggest contributing factor to an -8...
21 November 2018
Casino-owned, Colombia-based Grupo Éxito has released its Q3 results. The retailer reported an increase in consolidated net revenue of 9.5%, to US$4bn, before adjusting for exchange rate differences. The group recorded growth in each of its four operating countries; Argentina, Brazil, Colombia and Uruguay. At the end of the quarter, Grupo Éxito had a total of 1,536 stores; 29 in Argentina, 870...
19 November 2018
GPA has partnered with start-up Cheftime as part of its strategy to accelerate food delivery, while the retailer has also signed an agreement with Livelo to increase its ecommerce business. Cheftime partnership to create meal kits… GPA has announced a partnership with start-up Cheftime, which offers an online meal kit subscription service. The partnership entitles GPA to acquire a controlli...
15 November 2018
Ara, a discount banner based in Columbia will invest between €500M to €600M to open more stores in the country over the next two years, Portafolio reports. Ara is owned by Portugal-based group Jerónimo Martins. Funding from the International Finance Corporation In addition to other sources, the International Finance Corporation (IFC), an arm of the World Bank, will help to fund Ara’s expans...
15 November 2018
We review Walmart's third quarter results and the drivers behind its performance. Walmart's key numbers Walmart's total revenue in Q3 increased by 1.4% to $124.9bn Ecommerce sales in the US up 43% Sales in its US stores increased by 3.7%, while the impact of club closures saw sales at Sam’s Club fall 2.3% US comp store sales increased by 3.4%, and by 6.1% on a two-year basis ...
14 November 2018
Carrefour Brazil reported total sales rose 8.1% to BRL14.0bn (US$3.7bn). While expansion continued to underpin its performance, the retailer reported positive sales trends at both its Atacadão and retail divisions. Atacadão continues to gain… In its wholesale division, the Atacadão banner generated sales of BRL9.5bn (US$2.5bn), an increase of 11.2%. Like-for-like sales rose 6.2%, with Carre...
09 November 2018
Carrefour Brazil has purchased E-Media, which operates the Cyber Cook, Mais Equilíbrio and Vila Mulher sites, for an undisclosed sum. Following the acquisition Carrefour will integrate the sites into its wider ecommerce offer “to increase traffic and improve customers’ shopping experience”. An important step in Carrefour’s strategy Carrefour has said the transaction is aimed at driving it...