Latin America News & Analysis

13 January 2014
GPA has revealed that strong growth in same-store sales drove a 14.9% increase in gross sales revenue for the consolidated business in Q4 2013. GPA Food reported gross revenue growth of 14.8% for the period. Continued solid performance for whole business GPA's results continued the trend from the third quarter . In Q4, the food category reported growth of 9.8% while in non-food the figu...
10 January 2014
Latin American retailer Falabella has revealed plans to invest USD4,100m over the period 2014-2017. Increase in investment compared to previous plan The funds announced in this new plan represent an increase of USD1,100m compared to the plan announced in January 2013 . The majority of the investment (63%) will go towards opening 157 new stores and 15 shopping centres in Falabella's five ...
10 January 2014
Chilean retailer Cencosud is to invest less in 2014 than it did in 2013, as it works on consolidating its Brazilian and Colombian operations. Does not mean that growth will stop The retailer said investment for 2014 will be around $425m, compared to £731m that was planned for 2013. Speaking to reporters, CEO Daniel Rodriguez said no new acquisitions or debt issues were planned for 2014: ...
07 January 2014
Walmart de México y Centroamérica has reported 3.1% growth, in sales for 2013, with fourth quarter sales up 3.5% on the previous year. Mixed performance in Mexico and Central America Sales in Mexico were up 3.3%, but like-for-likes decreased by 1.3% compared to the previous year. Fourth quarter performance was similar, with sales up but like-for-likes down. In Central America, both like-f...
29 December 2013
To stimulate your thinking for 2014, six of our analysts have selected their favourite large stores of the past year. Tesco Extra (Watford, UK): creating a new future for hypermarkets? Nick Miles, Senior Business Analyst Tesco’s relaunched hypermarket in Watford was a ‘retail event of 2013’, seeing the retailer open the first of its new look ‘destination Extra’ stores and to create more...
18 December 2013
GPA has unveiled its vision, and view on the strategic challenges for the next three years, at an investor day held in São Paulo. Its priorities include consolidating/achieving market leadership in each operating segment, and a multichannel approach. Strategic challenges in four areas Speaking in Paris last week, chairman of the GPA board, Jean-Charles Naouri, said the group is enterin...
17 December 2013
Chilean supermarket chain SMU has appointed Álvaro Saieh, chairman of its majority shareholder CorpGroup, as its president. Move is designed to boost confidence in turnaround strategy Mr Saieh is tasked with leading the turnaround strategy at SMU, which has had problems with debt and with the integration of its multiple acquisitions in recent years. It has sold assets and closed some stores...
11 December 2013
Costco’s first quarter net sales increased by 5.4% to $24.5bn, with comparable store sales (excluding fuel and currency impacts) up 5.0%. Net income attributable to Costco increased at a slower rate of 2.2% to $425.0m, mainly due to higher than anticipated operating expenses. Fresh foods among best performing departments This was another solid performance from Costco overall, although pro...
11 December 2013
Jean-Charles Naouri, chairman of GPA's board, has talked about the retailer's priorities in an interview with Brazilian journalists in Paris. Accelerating development Mr Naouri said a new phase would begin now that Casino has gained full control of the GPA business, and reiterated the retailer's ongoing commitment to and pride in the market.   Priorities include cash & carry Mr Naour...
10 December 2013
Walmart Chile has reported an increase of 9.4% in revenue for the first nine months of 2013, and profits up 3.71%. Continues to open new stores The retail segment was the main driver of growth, with an increase of 9/9%, helped by an increase in same store sales. Walmart Chile ended the quarter with 777,000 sq m of sales area, spread among 336 outlets; five new stores opened in the th...