Latin America News & Analysis

08 May 2014
DIA has reported a fall of 2.1% in gross sales under banner for Q1 2014 (+9.5% in local currency), and confirmed that it has begun a process to sell its operations in France. Divesting France to focus on core markets DIA's French stores have been struggling for some time and Mr Currás said divestment was in the best interests of shareholders, employees and franchisees, allowing the retailer ...
06 May 2014
Alliance Boots has announced the acquisition of pharmacy retail chain Farmacias Ahumada (“FASA”) in Latin America. Transaction to be completed by Q3 2014 Farmacias Ahumada comprises of two main businesses, representing over 1,400 stores, with combined revenue of £835m. Both businesses are well established: Farmacias Benavides ranks third as the largest pharmacy chain in Mexico. It has aro...
06 May 2014
We recently visited Mexico City, where we saw how Mexican retailers Chedraui and Comerci are tapping into the premium market. Selecto Chedraui: focus on foodservice We visited this Selecto Chedraui supermarket in the Centro Santa Fe, which claims to be the largest shopping mall in Mexico. The mall is located in one of Mexico City's major business districts, on the western side. One of the ...
01 May 2014
As FEMSA Comercio, operator of Oxxo, reports 12.3% revenue growth for Q1, we look at Comercial Mexicana and Chedraui's first quarter results and also reveal a new format under test by Chedraui. FEMSA reports 'encouraging' first quarter, trialling US store Alongside total revenue growth, income from operations growth was 6.6%, reflecting the opening of 1,120 new stores and stable same store sa...
30 April 2014
In the first of what will become a regular series of updates in 2014, we look at how retailers have fared in the first quarter, expansion plans for the year, and other news. Mixed start to 2014 for retailers GPA Food reported an 11.4% increase in net sales for the first quarter, with new stores one of the main contributors to growth. The wholesale business, Assaí, continues to outperf...
29 April 2014
Éxito has reported net revenue growth of 1.3% for the three months ended 31 March 2014, with same store sales up 1.6%. Calendar effect hits revenue growth Éxito's first quarter net revenue growth included an overall decrease in same store sales of 2.1%, derived from an increase of 5.9% in Uruguay (local currency) and -3.2% in Colombia. Excluding this, same store sales were up 1.6%, which Éxit...
23 April 2014
Walmart-owned Walmex has announced first quarter results saying that net sales rose 2.1% to MXN101.4 billion (US$7.8 billion), with sales driven by growth at the retailer’s small stores. However, the retailer noted that its overall performance was held back by slower than expected economic growth in Mexico and its Sam’s Club warehouse stores. Mexico: Small stores and expansion offset contracting...
15 April 2014
Casino has reported organic growth of +11% internationally for the first quarter of 2014. We look at its performance in Latin American markets. Brazil powers regional growth Latin America posted organic growth of +12.3% (ex. fuel and calendar effect), driven by good  performance of GPA and dynamic expansion in Brazil. A change in the average exchange rates had a negative effect of -18.4%, c...
14 April 2014
Casino has reported group sales up 6.6% for the first quarter of 2014, with an increase of 8.3% in France. Internationally, organic growth was up 11%, driven by an increase of 13.3% in Brazil. France: Ecommerce growth reflects investment made Group consolidated net sales for the first quarter were €11.3bn, below the first quarter of 2013 due to the impact of a foreign-exchange effect, mainl...
11 April 2014
GPA has reported an 11.9% increase in net sales for the first quarter of 2014, for the Consolidated business, and an 11.4% increase for GPA Food. New store openings are key contributor to growth For GPA Consolidated, gross sales revenue for the first quarter was up 10.8%. The opening of 124 stores over the past year, of which 24 were opened in the first quarter, was one of the main contribu...