Latin America News & Analysis

26 March 2020
Portuguese retail group Jerónimo Martins, owner of Colombia-based discount chain Ara, recently announced its 2019 results and detailed plans to open 130 new Ara stores in 2020. The business launched in Colombia just seven years ago and closed 2019 with 616 stores, with 85 (84 net) openings in 2019. Source: IGD Research Ara delivers solid 2019 results Ara reported total revenue of ...
24 March 2020
Across the world companies are increasing their collaboration to help fight the pandemic and tackle product shortages. Global spirit manufacturers Diageo, Anheuser-Busch and Pernod Ricard are helping with the production of hand sanitisers. Diageo to enable the production of eight million bottles of hand sanitiser Distiller Diageo has pledged to make available 2 million liters of Grain Neutr...
13 March 2020
Mexican business FEMSA, which owns the OXXO convenience store chain, has reported sales of MXN184.8 bn (US$8.4 bn) for 2019 for its proximity division (it also owns health stores and gas stations). This figure, which includes all its proximity stores in Mexico, Colombia, Chile and Peru, represents a 10.4% year-on-year (YoY) increase. Same-store-sales (SSS) rose by an average of 5%, which was d...
02 March 2020
In February 2020 DIA Group appointed Marcelo Maia as the new Executive President of DIA Brazil. Maia brings a wealth of local market knowledge, with over 20 years’ experience working in distribution sector.      Source: Linked In – DIA Brazil Maia to drive business transformation in Brazil DIA Brazil is going through a comprehensive business transformation. Maia will be at the helm ...
25 February 2020
Grupo Éxito Colombia has reported net sales of COP11tn (US$3,273m) for 2019, a 4.2% growth year-on-year (YoY). This performance is mainly attributed to solid sales from its innovative Wow, FreshMarket and Surtimayorista formats, strong omnichannel growth (+37% YoY) and the opening of 29 new stores. Same-store-sales (SSS) were up 4% YoY, driven by the strong performance of its Éxito banner (where ...
18 February 2020
Carrefour Brazil has reached an agreement to acquire 30 cash and carry stores from Makro’s Brazilian subsidiary. The transaction, which must still be approved by the domestic antitrust watchdog CADE is valued at BRL1.95 bn (US$450m). The move, which Alexandre Bompard (Carrefour Group’s chairman and CEO) has described as being “Carrefour Group’s most significant move in Brazil since the acquis...
14 February 2020
In its Q4 results, Walmex (Walmart’s operations in Mexico and Central America) has reported total revenue of MX$153.7 bn (US$8.3 bn) for Mexico. This represents growth of 5.3% year-on-year (YoY) (3.9% in Central America and 4.7% consolidated). For 2019 it reported revenue of MX$532.2 bn (US$28.6 bn) in Mexico, a 5.7% increase YoY (3.4% in Central America and 4.9% consolidated). Strong same-...
05 February 2020
Tambo + has primarily driven the recent expansion of modern retail in Peru. Part of the Lindcorp Group, Tambo + opened its first store in 2015 and quickly reached 100 in just over a year. During its first year of operation it announced an ambitious aim to open 600 stores over six years. In January 2020 Tambo + opened its 400 th store, in line to achieve this target in 2021. What’s driving T...
30 January 2020
Carrefour Brazil has reported annual gross sales of BRL59.4 bn* (US$14.1 bn), a 11% growth year-on year. Q4 sales reached BRL16.8 bn* (US$4 bn), representing growth of 11.4%. The performance was driven by strong like-for-like growth of 7.6%. Q4 LFL sales for its core estate was 12.7% in Q4 (up from 8.8% in Q3), its highest quarterly like-for-like (LFL) growth in five years.  * ex-petrol ...
24 January 2020
GPA has reported gross revenue of BRL59.1bn (US$14.2bn) for 2019, representing solid growth of 10.3%. In this article we explore five key themes underpinning its performance. 1. Atacarejo continues to drive solid growth GPA’s atacarejo (cash and carry) banner Assaí continues to be the business’s highest performing subsidiary. Assaí’s gross revenue reached BRL30.4bn (US$7.3bn) in 2019, repre...