Latin America News & Analysis

17 July 2018
France-based Casino reported second quarter sales saying total growth contracted by 3.0% to €8.9bn. Overall performance was dragged down by unfavourable currency effects at its Latin America-based division. We review the results and consider the sequential improvements it is enjoying in its home market. France: food sales boosting performance Total growth in France was 0.8% in Q2, seeing Ca...
16 July 2018
As it looks to drive growth in a key market, Carrefour has announced the launch of two initiatives in Brazil to target its important Atacadão format and as part of the relaunch of a private label range. Improving checkout times at Atacadão As it looks to continue to drive growth at the key format, Carrefour Brazil has said it is trialling an automatic checkout system at a store in São Paulo...
11 July 2018
International warehouse club PriceSmart has reported mixed results for Q3 2018. Performance has been driven by the currency fluctuations in the Colombian market. We look at this and reflect on our recent visit to the retailer. Stabilised growth in Latin America Growth rates have recently steadied in most of its core Latin American, Caribbean and Central American markets. New warehouse sales...
21 June 2018
GPA Brazil is launching a new banner, Compre Bem (Buy Well). We look at this in more detail. Focusing on convenience The Compre Bem banner aims to cater to class B and C shoppers that are looking for more convenience. The stores will be on average 1,700 m2 and stock around 7,000 SKU’s. The ranges will be adapted to suit each region. There will be a strong focus on fresh, with a wide variety...
07 June 2018
Chilean-based retailer Cencosud reported a challenging start to 2018 with mixed overall results heavily impacted by currency fluctuations. Adjusted EBITDA grew by 7.0%, while at a group level sales in Chilean Pesos declined by 4.0%. The sales dip in supermarkets was -5.7%, though this contrasted with performance as measured local currency performance, up 5%. The key drivers of stronger profita...
05 June 2018
Walmart has agreed to sell 80% of Walmart Brazil to Advent International, a global private equity firm. This is part of Walmart’s continuing plans to reshape its global business and strengthen it for long-term success. Reshaping the global business Walmart is in the process of reshaping its global portfolio, better aligning its focus around those areas where it sees the strongest, longer te...
24 May 2018
We explore these results in more detail and the future strategies for 2018. Colombia: recovery of sales driven by Fresh Market and omnichannel • Net sales -1% and same store sales -3% • Èxito and Carulla net sales -1% and same store sales -1% and -2% respectively • Surtimayorista and Surtimax -9% in net sales and same store sales • Omnichannel sales +35% • Expansion: one new Èxi...
17 May 2018
We review Walmart's first quarter results and the drivers behind its performance. Walmart's key numbers Walmart's total revenue in Q1 increased by 4.4% to $122.7bn Ecommerce sales in the US up 33% Sales in its US stores increased by 3.1%, while the impact of divestments saw sales at Sam’s Club fall 2.7% US comp store sales increased by 2.1% International net sales increased b...
16 May 2018
As Carrefour Brasil announces its first quarter results, which underlined the growing importance of the online channel, the company, separately, launched a click and collect service to enable shoppers to pick up orders easily. First quarter sales impacted by food deflation Carrefour Brasil said gross sales rose 6.0% to BRL13.0 bn (US$3.6 bn), with like-for-like sales of only 0.4% being held...
11 May 2018
Spain-based DIA has posted net sales of €1,877.6m in Q1 18, a 1.1% fall excluding foreign exchange rates (ex-FX) from Q1 2017. Gross sales under banner were broadly flat ex-FX, growing by 0.2%, to reach €2,270.0m. The numbers Gross sales in Iberia were €1,502.1m, down 4.3% from Q1 2017. DIA said a 3% space reduction and 1% negative calendar effect contributed to this. Iberian like-for-lik...