Latin America News & Analysis

10 June 2014
Untitled 1 p.MsoNormal {margin-top:0cm; margin-right:0cm; margin-bottom:10.0pt; margin-left:0cm; line-height:115%; font-size:11.0pt; font-family:"Calibri","sans-serif"; } Walmart has appointed Judith McKenna as Chief Development Office for Walmart US, with responsibility for new formats and the integration of digital commerce into existing formats. The retailer has also announced the ap...
07 June 2014
Speaking at Walmart’s Annual General Meeting, the retailer’s President & CEO, Doug McMillon, outlined his vision for the company, focusing on being customer driven, investing in people and being at the forefront of innovation and technology. Picking up the pace of change to better focus on shoppers In what was his first AGM as CEO, McMillon delivered an upbeat and visionary message for Wal...
06 June 2014
IGD has been at Walmart’s Shareholders’ events in Bentonville this week, meeting with the senior leadership and visiting the retailers’ latest store concepts. This provided us with a great opportunity to see how Walmart is evolving its offer in response to key retail trends. Re-inventing the hypermarket with new technologies Technology products have been at the heart of Walmart’s aim to r...
05 June 2014
Casino has revealed the name of its new ecommerce pure player company - Cnova - and announced a new partnership in Africa, with a view to developing an e-commerce platform. Cnova will be present in five markets Casino announced this move in early May, signalling its increased focus on e-commerce as a key part of its business. The board of directors of Casino, CBD, ViaVarejo and Éxito have ...
03 June 2014
From our recent trip to Mexico City, we bring you the best bakery merchandising we've seen, including examples from Soriana, Walmex, Chedraui and Comercial Mexicana.   Soriana Hiper and Selecto Chedraui: traditional style Wooden fixtures at this hypermarket from Soriana, in Colonia del Valle, give the appearance of a traditional bakery, while premium-focused format Selecto Chedraui achieves...
02 June 2014
Walmart has promoted Shelley Broader to the role of executive vice president, president and CEO of Walmart EMEA, with responsibilities for the retailer’s operations and business development in Europe, the Middle East, Sub-Saharan Africa and Canada. One of Walmart’s three key international leads Ms. Broader had previously held the role of president and CEO of Walmart Canada since September ...
02 June 2014
Walmex has announced plans to invest MXN1.069m (USD83m) in new stores and extending a distribution centre in the state of Estado de México. In addition, the retailer will enter five new locations with its discount format Bodega Aurrera. Opportunities for local suppliers Antonio Ocaranza, Walmex's corporate communications director, highlighted the positive effect expansion would have, in in...
30 May 2014
Costco’s third quarter revenue increased by 7.1% to $25.8bn, with comparable store sales (ex-fuel and currency impacts) up 6%. Net income attributable to Costco increased by 3.1% to $473m. Food categories deliver solid performance These results reveal an improving performance versus the previous quarter, although they continue to be negatively impacted by exchange rate movements. Food ca...
28 May 2014
Cencosud has reported a 3% increase in revenues for the first quarter of 2014, driven by increased revenues from the supermarket, home improvement and department store businesses. Currency and Easter affect revenue growth Revenue growth for the period, which ended on 31 March, was affected by the deprecation of the Argentine peso against its Chilean counterpart, and the different timing of ...
19 May 2014
From our recent trip to Mexico City, we bring you the most impactful, attractive and innovative fresh produce merchandising we've seen, including examples from Walmex, Chedraui and Soriana.   Walmart Santa Fe: showing quality of ranges This Walmart Supercenter is located in a more affluent area of Mexico City and ranges have been tailored accordingly. Bright colour blocking, colourful signa...