Latin America News & Analysis

19 February 2015
Walmart's net sales increased by 1.4% in the fourth quarter to $130.7bn, with sales in its US stores and Sam's Club divisions increasing by 4.1% and 1.3% respectively. International net sales were down 3.9%, impacted by currency. Consolidated net income attributable to Walmart increased by 12.1% to $5.0bn. For the full year, net sales increased by 1.9% to $482.2bn, with consolidated net income...
19 February 2015
Walmart has reported a 3.0% increase in net sales for Q4 Fiscal 2015, (at constant currency), and a 3.6% increase for the full Fiscal year, on the same basis. We look more closely at performance in key Latin American markets. "Still work to do in Brazil" Walmart continued its momentum from the third quarter, with Q4 net sales and comp sales both up 3.1%. Food categories performed strongly ...
18 February 2015
Walmex's President and CEO Enrique Ostalé, speaking at the annual results presentation, has said the retailer wants to double its size, in terms of sales, in the next ten years.   Two core strategies to drive growth Walmex's sole focus is now on its retail operations, having sold non-core businesses, such as restaurants and banking, in the past year. Mr Ostalé outlined two core strategies ...
17 February 2015
We've launched a new, free, Latin America-focused bulletin. Designed for retailers and suppliers already trading in the region, as well as those keeping a watching brief, it will keep you updated on top retail and FMCG news from Latin America and the latest insight presentations that have been added to Retail Analysis.   If you would like to be added to the mailing list, or you have a...
17 February 2015
Casino has reported sales of €48.5bn for 2014, an increase of 4.7% on an organic basis, driven by improved same-store sales in France, sustained international expansion and good e-commerce performance. Trading profit was up 5.6%. Positive effects from price repositioning Casino's price repositioning at Leader Price and Géant is now complete and has had a positive effect on customer numbers ...
12 February 2015
Colombia's Grupo Éxito has reported a 6.8% increase in revenues for 2014, and highlighted its omnichannel strategy as one of the key factors driving success. Diversity of channels generating positive results Like GPA last month, Éxito said its diversity of channels and strategies allowed it to generate positive results. Despite the challenges faced by e-commerce operators in the region, É...
02 February 2015
Leading Chilean retailer Cencosud plans to invest up to USD3bn over 2015 - 2018. Commitment to maintaining leading market positions The plan for the current year makes provision for investment of USD545m. Nearly 60% of the USD2.4bn - USD3bn to be invested over the four years will go towards organic growth and store remodelling. The longer-term plan is designed to strike a balance between ma...
29 January 2015
Soriana is to acquire 160 stores from fellow Mexican group Controladora Comercial Mexicana (CCM), for MXN39,194m (USD2,674m), pending approval from competition authorities. Acquisition does not comprise all formats This transaction has been a long time coming. It was January 2014 when CCM confirmed it was up for sale, and at one point Chedraui was said to be looking at the stores. The acqu...
26 January 2015
In this update, we look at developments from retailers across the region in the last quarter of 2014, including financial performance, expansion plans and management changes. Management changes see retailers strengthen for new phase of growth Daniel Rodríguez Cofré resigned as CEO of Chile's Cencosud in November. He joined FEMSA in January 2015 and is set to become the Mexican gr...
26 January 2015
Walmart has announced changes to its leadership team in Latin America, affecting Chile and Argentina. CEO of Walmart Chile to retire Gian Carlo Nucci is to leave in June 2015, following a 22-year career with Walmart. He spent the last two years at the head of the Chilean business, and previously led Walmart's operations in Mexico. He has been invited to join the boards of directors at both ...