Latin America News & Analysis

11 February 2014
As we launch a new hypermarkets and supermarkets hub page and insight presentation, we report on three strategies being used to drive growth at hypermarkets and supermarkets. 1. New ways to define value A number of retailers globally are finding that value-focused large formats are hitting a growing sweet spot with shoppers. From the growth of the atacadista format in Brazil from Casino and...
10 February 2014
Grupo Éxito, Casino's Colombian business, has acquired 50 discount stores from regional retailer Super Inter. Includes full acquisitions and licence agreements Éxito has entered into an agreement with Super Inter's parent company, Comercializadora Giraldo Gómez y Cía, which will see it acquire ownership of 19 stores and licence agreements to operate 31 others, for a period of five years. Éxi...
07 February 2014
Brazilian retailer Angeloni is to invest R$160m in opening four stores in 2014. Growing presence in Paraná Two of the new stores will be in Paraná, a state which Angeloni only entered in 2002. Its core strength is in Santa Catarina, where the other two stores will be located. The retailer's president José Augusto Fretta said Angeloni wants to grow its presence in Paraná, targeting AB co...
06 February 2014
Latin American wholesaler PriceSmart has announced two new store locations in Colombia: Medellín and Bogotá. Will take total number of warehouse clubs to six PriceSmart plans to open the two new clubs, which together will cover 25,340 sq m, before the end of this calendar year. An additional outlet, of 11,947 sq m, will open in November 2014 in Pereira. Net sales increase for Q1 fiscal 2...
03 February 2014
This weekend saw Doug McMillon take the helm at Walmart as its new President & CEO. We look at the key questions on his to do list. Having previously led the retailer’s international operations since 2009, and Sam’s Club prior to that, the internal appointment will ensure a degree of continuity and consistency. However, the transition comes at a critical point in Walmart’s timeline, particular...
23 January 2014
The Argentine government has introduced restrictions on online shopping, as it seeks to stop its reserves of foreign currency falling further, while the Venezuelan government is implementing changes to its foreign currency system.  No more home deliveries Argentine customers buying from websites like eBay and Amazon will no longer have their purchases delivered to their home addresses. ...
21 January 2014
Mexico's Controladora Comercial Mexicana (Comerci) has confirmed that it will hold talks with any groups, Mexican or international, interested in acquiring or partnering with the retailer. Discussions are at an early stage Comerci issued a statement after reports in a Mexican newspaper said it was looking at a possible sale. It has confirmed that discussions are at a preliminary stage...
16 January 2014
Carrefour has reported 2013 sales of €84.3bn, an organic growth rate of +2.5% (excluding petrol and calendar effect), with continued momentum internationally and rebounding growth in France. 'Resilient' sales in Europe Carrefour reported a second consecutive quarter of sales growth in France, +1.7% organic growth, with a good performance in all formats. Hypermarket sales were up, exclu...
15 January 2014
Following Casino's full year and Q4 sales release today, we look at the group's performance in Latin American markets. Across the region, same-store sales improved compared to Q3 Same-store sales (excluding petrol and calendar effect) were up 12%, a strong increase compared to +9.6% in the third quarter; this particularly reflected GPA's performance in Brazil. Same-store sales also impac...
15 January 2014
Casino has reported 2013 net sales of €48.6bn, up 15.9%, with total sales in France up 5.7% and a strong international performance, particularly in Brazil. For the fourth quarter, internationally Casino reported an "excellent performance relative to previous quarters" , and continued improvement in France. Improvements in France In France, the full consolidation of Monoprix (since 5 Apr...