Latin America News & Analysis

14 September 2018
Walmart has purchased the food delivery service Cornershop for US$225m. This enhances the retailer's last-mile delivery capabilities and strengthens its omnichannel strategy in Latin America. We look at the deal in more detail. Why Cornershop?   Source: Cornershop   Cornershop is a third-party delivery service in Chile and Mexico. It operates t...
12 September 2018
Chilean based retailer Cencosud continues to experience challenges in 2018, leading to decreasing revenue. We look at its Q2 results in more detail. This includes each markets performance and how it plans on improving results through delivering a strong omnichannel proposition. Challenging start to the year Cencosud's Q2 results follow the pattern of  Q1 with declining performance due ...
11 September 2018
As Carrefour looks to play a leading role in ‘food transition’, through which it will enable shoppers to consume better, higher quality, safe and socio-environmentally responsible food, it is rolling out several initiatives. We review the steps it is taking as part of its 2022 Transformation Plan. Carrefour launches ‘Act for Food’ initiative Carrefour Group has launched ‘Act for Food’, whic...
07 September 2018
We look at the latest developments in the online channel in Mexico. Mercado Libre begins selling alcohol Online ecommerce marketplace Mercado Libre is launching a new range of alcoholic drinks in Mexico. This is ready for the national holiday season in which retailers usually see a rise in sales of beers, wines and spirits. It is the first time the retailer has introduced food to its pro...
03 September 2018
Amazon has announced that it will begin selling food and drink online in Mexico. The move is an example of Amazon tapping into the growing Mexican ecommerce and taking on rival Walmart. Tapping into the growing ecommerce trend New products will include non-perishable snacks, sweets and alcohol. Amazon Mexico opened for business in 2015 , selling items in a number of categories i...
30 August 2018
Grupo Èxito has reported strong Q2 results. All markets performed positively, with an overall 8.7% increase in net sales. We look at the results in more detail and what has driven growth. Adapting strategy for individual markets The retailer has been focused on tailoring its commercial strategy to cater to each market individually. It believes this is the driver of its positive performance....
23 August 2018
We look at Mexican-based Chedraui’s Q2 results and future expansion plans. Positive Q2 Chedraui has reported consolidated sales growth of +21% in Q2 2018 to MXN27,942m (US$1,473m). Growth was mainly driven by the opening of new stores. However, same stores sales also grew by 1.8%. Despite the sales being positive Chedraui reported being negatively affected by the timing of Easter Week. I...
16 August 2018
We review Walmart's second quarter results and the drivers behind its performance. Walmart's key numbers Walmart's total revenue in Q2 increased by 3.8% to $128.0bn Ecommerce sales in the US up approximately 40% Sales in its US stores increased by 5.2%, while the impact of club closures saw sales at Sam’s Club fall 0.6% US comp store sales increased by 4.5%, the strongest rate...
26 July 2018
In H1 2018, DIA announced gross sales of €4.6bn, an increase of 1.4% in local currency terms compared to H1 2017. On a global level, net sales fell by 10.3% to €3.8bn, affected by currency rates in relation to its operations in Latin America. Like-for-like sales increased by 1.8% globally and by 0.3% in Spain. Online sales increase Online sales in Spain in H1 2018 were €39m, a 48% increase ...
26 July 2018
We look at the top five stories in grocery retailing in Latin America over the last month. 1. Walmart buys 52 stores in Costa Rica Walmart has purchased 52 stores from Costa Rican retailer, Gessa. These are currently under the control of Grupo Empresarial de Supermercados. Gessa has four banners; Peri, Super Buy, Saretto and Express Day. They cater to a wide range of economic needs and diff...