Latin America News & Analysis

24 February 2014
Revenue at Mexican retailer Chedraui was up 3.8% in the fourth quarter of 2013, due to the addition of 13 new stores in the year. Affected by economic conditions The slowdown in consumer spending in Mexico, mentioned by Walmex in its recent results, has also affected Chedraui. Profit was up 15.7%, but same store sales growth was almost flat at +0.5% for the quarter. Chedraui operated 256...
21 February 2014
Walmart reported slowing international growth for the fourth quarter of its fiscal year this week. We look at results in its Latin American markets. Position in Brazil remains challenging Fourth quarter net sales were up 5.3%, with improved performance in retail formats driven by food and consumables categories. Ecommerce continued to grow sales and market share, with a new site launche...
20 February 2014
This week Walmart announced its fourth quarter and full year results. We take a look at five key takeaways and what they could mean for its suppliers. 1. Driving change in the business to increase customer relevance : Doug McMillon, commenting on his first set of results as President & CEO, spoke about making changes to improve the business, with a filter on increasing customer relevance. He ...
20 February 2014
Spain-based DIA has announced Q4 and full year results for 2013 saying that it had enjoyed growth in gross sales under banner of 0.3% in the fourth quarter, a slowing in the pace of growth for the whole year, which stood at 2.4%. Like-for-like sales contract in Q4 versus growth for full year DIA said that in the fourth quarter like-for-like sales contracted by 0.1% at a corporate level, a mar...
20 February 2014
Walmart's full year results, for the year to January 31, 2014, revealed consolidated net sales grew by 1.6% to $473.1bn. Consolidated net income attributable to Walmart fell by 5.7% to $16.0bn. The results in summary Given that Walmart had issued a trading update at the end of January there were no real surprises in these results, beyond the rapid expansion announced in small ...
19 February 2014
Walmart de México y Centroamérica has reported a fall in of 12.8% in net profit for Q4 2013, ending a year which CEO Scot Rank said was one of "great challenges." Challenging economic conditions in Mexico CEO Scot Rank pointed to a reduction in disposable income and decrease in consumer confidence over the year. Heavy price investment during the year will also have affected results. Comp...
19 February 2014
Grupo Éxito, Casino's Colombian business, opened 60 new stores in 2013, which helped increase revenues for the year by 4.6%. Continues to invest in organic growth Éxito is focusing on neighbourhood and convenience retailing as it seeks to get closer to consumers and become part of their daily lives. Two of the new stores were in Uruguay, where Éxito now operates 54 outlets. The group ende...
18 February 2014
International activities were a highlight once again for France's Casino Group, which reported 2013 results today (18 February). The group singled out three key Latin American markets as highlights: Sales improved versus 2012 Casino said sales for Latin America were up 13.1% on an organic basis, excluding fuel and calendar effect, versus an increase of 9.4% in 2012. This compares to an incr...
18 February 2014
Casino has reported group sales up 15.9% and an 18% increase in trading profit for 2013. In France, sales were up 5.7% and Casino said it had an "excellent performance internationally." Recovery of activity in France In the crucial home market, Casino reported improvements at both Géant hypermarkets and Casino supermarkets. E-commerce continued to grow, with Cdiscount reporting total ...
14 February 2014
As part of its Q4 2013 results, in which it reported double digit growth in gross revenue for both the Consolidated and Food businesses, Grupo Pão de Açúcar said it has "definitively selected the multichannel approach as our strategic priority." Food retail recorded best performance of the year GPA Consolidated reported gross revenue growth of 14.6% in Q4 2013, with the Food business ...