Latin America News & Analysis

26 December 2014
We showcase some of the favourite stores we have visited during 2014, what's great about them and what inspirations retailers and suppliers can take from them. Here, our analysts have chosen three discounters that are reinventing their offer for today's shoppers.  DIA Market, São Paulo, Brazil Chosen by: Catherine Ellwood, Business Analyst - Latin America What's great about this store...
26 December 2014
We showcase some of the favourite stores we have visited during 2014, what's great about them and what inspirations retailers and suppliers can take from them. Here, our analysts have chosen five that show larger formats at their best. Morrisons, Crawley, UK Chosen by: Nick Gladding, Senior Retail Analyst - UK What's great about this store? Crawley is the first new build Morrisons...
22 December 2014
Walmex has announced that Enrique Ostalé will add the position of president and CEO to his current role as chairman of the board, with effect from 1 January 2015. Will continue to oversee Latin American operations Mr Ostalé has effectively been carrying out this role since October when Walmex announced the retirement of Scot Rank. He has extensive experience, having been at Walmart since 20...
11 December 2014
Leading Brazilian retailer GPA is to speed up its rate of expansion in 2015, said CEO Ronaldo Iabrudi. Adding sales area Speaking to journalists, Mr Iabrudi said the sales area is expected to increase by 6% in 2015, compared to the 5% increase anticipated by the end of this year. Specific strategic plans for 2015 have not yet been approved, but the goals for the period 2014-2016 allow for t...
11 December 2014
As Walmart appoints Judith McKenna as COO for the US business and Gisel Ruiz as EVP of Walmart's International People Division, we outline what to expect from the changes. Judith McKenna: bringing operational and online strength to the US COO role. Previously chief development officer for Walmart US, Judith McKenna has had a strong focus on developing small formats and online, two key areas...
26 November 2014
Mexico is a market that's already much talked about. Here's why we think it's going to come into focus even more in 2015 and beyond. 1. Strong longer term economic growth prospects Like many markets in Latin America, 2014 has brought growth levels in Mexico below what had been hoped for at the start of the year; at the end of November, the finance ministry cut its forecast for 2014 follow...
26 November 2014
As Black Friday approaches, we take a look at how some retailers in Brazil are preparing for the day. Walmart turns up the heat As would be expected, Walmart Brazil is strongly focusing on Black Friday. It will offer discounts of between 40% and 70% on more than 500 products, from the traditional electronics category, to beverages, homewares and health & beauty. According to Patricia Alves ...
18 November 2014
The CEO of Cencosud, Daniel Rodríguez Cofré, resigned on 13 November and is to take up a new role in January at Mexico-based FEMSA. Cencosud in consolidation phase Jaime Soler Bottinelli, who has been at Cencosud since 2005, will take over as CEO on 1 January 2015. He became head of the corporate retail division in February 2014, which was created to enable better working between divisions ...
13 November 2014
While Walmart's improving US performance  dominates the headlines, we take a look at the wider performance of the business in Q3. The results: our quick take Having issued new guidance last month, downgrading sales growth to 2% to 3% for the full year, the results were broadly in line with expectations. Under the leadership of Doug McMillon, the retailer’s President & CEO since February t...
13 November 2014
Walmart has reported consolidated net sales growth of 2.8% for Q3 of Fiscal 2015 (three months ended 31 October 2014). Walmart International grew net sales by 1.7% (+2.9% on a constant currency basis). We look at performance in key Latin American markets. Brazil: focused on strengthening the business Despite the slowdown in the Brazilian economy, comp sales were up 0.8%. The closure of som...