Latin America News & Analysis

24 October 2013
Colombia's Grupo Éxito has reported net revenue growth of 3% for the third quarter of 2013, and EBITDA growth of 8%. Accelerating e-commerce business In line with its plan to strengthen its omni-channel strategy, Éxito announced that it has converted its Tecno Lisboa store in Bogotá into a specialised distribution centre for consumer goods, e-commerce and home delivery.  The store will...
23 October 2013
Brazilian retailer Condor Super Center has opened its 36th store in its home state of Paraná. Store designed in zones Condor invested BRL50m in this 6,000 sq m hypermarket. It has a modern design, using different colours and shelf heights to mark out each department of the store. It stocks 40,000 products. Condor targets 45 stores by 2016 and intends to expand its operations to other stat...
23 October 2013
Brazilian retailer Super Muffato has opened its first hybrid cash & carry/hypermarket store in Curitiba, capital of Paraná state. Catering to business and personal customers The 15,000 sq m Muffato Max store opened in late September and, overall, is Super Muffato's sixth outlet in the capital. It caters for both end consumers, and small and medium retailers and foodservice outlets. There i...
18 October 2013
InRetail Perú Corp, operator of leading Peruvian retailer Supermercados Peruanos, reported a 7.8% growth in revenues for the second quarter of 2013, with a 4.8% increase for its supermarkets business. Slower growth at supermarkets Supermarkets reported slower sales growth and lower gross margin in the quarter, ended 30 June 2013. This was because of an increase in promotional campaigns and h...
17 October 2013
Following last week's sales release, GPA has reported earnings for the third quarter of 2013. Consolidated net income was up 70%, due to strong sales growth and streamlining of operations. Plans to continue expanding The group said it plans to invest up to BRL2bn for 2013. Over the past nine months, GPA has increased its sales area by 2.8%. It intends to expand sales area at GPA Food b...
17 October 2013
Carrefour has reported a 2.7% sales increase in Q3 2013, with all formats in the key French market posting growth, and international sales up 3.8% at constant exchange rates. For the nine month period, sales were up 1.8% at constant exchange rates. Improvement in France Although sales were up across all formats in France, in spite of the effect of a drop in petrol prices, convenience a...
16 October 2013
At its annual investors meeting this week, Walmart provided an update on the strategic priorities for its US stores operation, Sam’s Club, international, global e-commerce and the business as a whole. We outline the key takeaways from this important update. Building a unique market-based ecosystem in the US to capitalise on in-fill opportunities Walmart has identified a number of markets i...
16 October 2013
The president of Chilean retailer Falabella's Colombian business, Rodrigo Fajardo, has spoken to Colombian newspaper El Tiempo about plans for growth, the role of customers and the business climate. Colombia has become one of the retailer's main growth engines Falabella is present in seven cities in Colombia. It is currently investing $10m in its third department store in Cali, part of a p...
14 October 2013
Casino has reported sales of €11.8bn for the third quarter of 2013, up 0.1% year-on-year, with sales in France up 8.1% and down 5.2% internationally, where they were hit by unfavourable exchange rates. Recovery at Géant in France Price cuts had a greater impact in the third quarter than in the second however sales at both Casino supermarkets and Géant "rose significantly". The full conso...
10 October 2013
Cencosud and Colombia's ministry of commerce, industry and tourism (MinCIT) have signed an agreement to support small businesses in Colombia. More space in-store for Colombian-made products The minister, Sergio Díaz-Granados, said the objective was to ultimately help the small and medium enterprises become suppliers to Cencosud's Jumbo and Metro outlets. The alliance includes workshops for...