Latin America News & Analysis

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...
01 November 2018
Brazil-based, Casino-owned GPA has announced Q3 2018 results. The retailer said that its focus on its ‘ multi-channel, multi-format and multi-region portfolio ’ had helped underpin its positive performance during the quarter. Gross sales increased by 12.8% driven by Assaí… GPA reported an increase in gross revenues of 12.8% to BRL13.3bn (US$3.6bn) versus the same period in 2017. GPA said th...
31 October 2018
Strong words from Antonio Coto, DIA’s new CEO led its results presentation, "DIA is facing its toughest test since being listed in 2011". There is a sense of urgency in the company to turn around falling sales and DIA hopes to achieve this through numerous operational changes across all markets. The numbers for 9M 2018 Gross sales were down 9% to €6,557M, driven by a 2.5% decline in gross s...
31 October 2018
As Carrefour Brazil reports a positive performance in Q3 2018, it has said it is also aiming to double the value of sales it generates with organic products by 2020. Ecommerce boosts quarterly revenue Carrefour Brazil has reported a continued sales growth in Q3 2018. Revenue increased by 8.1% to BRL14bn (US$3.76bn) versus the same period in 2017. Like-for-like sales rose by 5.1%, driven by ...
31 October 2018
Group net and services sales grew 7.3% to reach €12.8bn in 9M 2018, with (like-for-like) sales up 3.4% compared up 9M 2017. All banners performed well and reinforced their market shares in the context of positive consumer environments and low food inflation. For FY 2018 CAPEX is expected at €700 to €750M, covering store network expansion and remodellings. 9M 2018 Performance by banner ...
31 October 2018
We review the latest news from Walgreens Boots Alliance in Chile and Thailand. Boots, Thailand: new MD Boots Retail Thailand announces the appointment of new Managing Director, Mike Wanliss. He will take up the new role on 21 January 2019, reporting into Dean Thompson, VP and regional managing director for Asia international retail. Wanliss brings with him 40 years’ experience in the ...