Latin America News & Analysis

18 November 2013
Walmart reported international sales growth of 0.2% for Q3 last week. We take a closer look at its performance in Latin America. Central America outperforming Mexico Consolidated net sales increased by 2.2%, led by Central America where sales were up 4.8%. In Mexico, sales were up 1.7% over last year, but the economic slowdown affected comparable store sales which were down 2.8%. Walmex's ...
14 November 2013
Chile-based multi-format retailer Falabella has announced third quarter sales saying that consolidated sales rose by 13.1% to CLP1.6 trillion (US$3.1 billion). Revenue growth aided by store growth The retailer noted that its performance was aided by the additional sales area added over the last twelve months, which included the acquisition of home improvement chain Construdecor in Brazil, and...
14 November 2013
Walmart’s Q3 results reveal continued weakness in its core US stores with total sales up 2.4%, and comp store sales, a key benchmark indicator, down 0.3%, in line with the previous quarter. Total and comp store sales at Sam’s Club were up 1.1%, while internationally, sales growth remains tough, up 0.2% in the quarter. However, all business units grew operating income ahead of sales. Tota...
08 November 2013
Brazilian drugstore operator, RaiaDrogasil has reported an increase in gross revenues of 15.9%, with same store sales growth of 9.9%. Costs increase at drugstore operator General and administrative expenses increased by 18% and sales expenses increased by 21% versus the same period last year. The rise in costs was partly attributed to payroll inflation, logistics costs and social charges...
04 November 2013
Costco has launched its e-commerce site in Mexico, offering 3,800 products, the majority - 80% - of which are only available online. Extend reach into new cities and gauge demand Costco has 34 stores in 19 Mexican states and hopes the site will not only reach new locations. It also hopes to determine, via the levels of demand for online shopping, which areas it should be looking to move ...
31 October 2013
Supermercados Peruanos reported revenue growth of 10.7% for the third quarter. Parent company InRetail Perú Corp saw growth of 13.3%.  Same store sales boost supermarkets Same store sales in the supermarket division were up 2.1% for the third quarter, driving overall revenue growth. Revenues at the pharmacy business grew by 16.8%, and reported same store sales up 4%. The division opened 39 s...
28 October 2013
Spain-based DIA has announced third quarter results saying that gross sales under banner grew by 2.5% to EUR2.92 billion – 8.5% in local currency terms. Sales in Iberia remain strong DIA said that at a corporate level like-for-like sales growth in local currency terms was 0.8% in the third quarter, while in Emerging Markets the pace of growth in the same terms reached 14.7%. By geographical s...
28 October 2013
Mexico's FEMSA Comercio, operator of Oxxo convenience stores, has reported total revenue growth of 12.5% for Q3 2013, driven by nearly 200 new store openings and growth in same store sales. Q3 shows continuing trend from start of year says group chairman FEMSA Comercio opened 195 stores in Q3, to reach 1,043 new stores over the past twelve months, taking the total to 11,210. The retailer rep...
28 October 2013
Carrefour has appointed Charles Desmartis as CEO at Brepa Comércio e Participações Ltda, its holding company in Brazil. Will supervise all group activities in the country The appointment will take effect on 4 November. Mr Desmartis will oversee Carrefour Comércio e Indústria, the division headed up by Luiz Fazzio and including Carrefour hypermarkets, Bairro supermarkets and financial serv...
24 October 2013
Walmart de México y Centroamérica has reported net sales up 1.9% and EBITDA up 5.5% year on year, for Q3 2013. "Very pleased" with financial performance in Central America Total revenues were up 6.4% year on year and EBITDA was up 36.3%. Walmex has been improving its value and price propositions to serve customers better and to attract those who shop in the informal, traditional market. I...