Latin America News & Analysis

05 November 2019
Many shoppers in Brazil have migrated their weekly/bi-weekly food shops from hypermarkets and supermarkets to atacarejo (cash and carry). This has affected the way that customers shop in other formats, with many now using supermarkets for top-up and replenishment shops. This article focuses on how Carrefour is evolving its supermarket strategy to stay relevant in the market and to complement...
30 October 2019
Mexican retailer and Coca Cola bottler FEMSA has announced consolidated revenue growth of 10.2% in Q3. Total revenue growth for its OXXO convenience stores reached 10.1%, with the stores generating sales worth MXN48.4 bn (US$2.5 bn). Sales through its convenience stores account for over a third of FEMSA’s total company sales. Total revenues for its health and fuel divisions were up 26.6% and 1...
28 October 2019
Jerónimo Martins has announced a positive sales performance for Q3 2019.   Positive Q3 results Jerónimo Martins’ consolidated sales increased by 8.7% with like-for-like (LFL) performance of 6.2%, in Q3 2019. Group net profit increased 3.5% to €302m, despite the impact of the additional Sunday closures in Poland. Net profit in Q3 2019 grew 8% compared to Q3 2018. Division performance J...
28 October 2019
In its Q3 results, Walmex has reported consolidated revenue growth of 4.9% for its operations in Mexico and Central America. Total revenue for its stores in Mexico reached MX$126.98bn (US$6.7bn), representing a 5.2% growth. Performance driven by continued same-store sales (SSS) growth Walmex’s performance was mainly driven by strong SSS, however this was reduced when compared to Q3 last yea...
24 October 2019
Carrefour has announced gross sales of BRL$15.1 bn (US$3.7 bn) in Q3 for its Brazilian operations, an 8.9% growth (excluding petrol). Like-for-like (LFL) sales rose by 3.8%, a decelerated level versus Q2 (+7.7%) and Q3 2018 (+5.1%), mainly attributed to the decelerating food inflation. The LFL growth represents an outperformance versus Carrefour’s main Brazilian competitor, GPA, whose LFL rose...
23 October 2019
Many shoppers in Brazil are now using atacarejo (cash and carry) for their weekly/bi-weekly shop. This has affected the way that they shop in other formats. GPA’s 2018 strategy saw the business shift its focus to store optimisation, particularly of its supermarkets. Optimising existing stores GPA had 184 stores under its Extra Super supermarket banner. To make them more relevant to changi...
21 October 2019
GPA has reported gross sales of BRL$14.6bn (US$3.5bn), representing strong growth of 9.5% in Q3. This is despite a 2.4 pp drop in inflation versus the first half of the year. Like-for-like sales were flat for its hypermarkets and supermarkets, but up 3% for the Assaí (cash and carry) format. Total sales for Assaí banner up 19% year-on-year Gross revenue for the Assaí banner reached BRL$7.6b...
16 October 2019
Uber has announced its acquisition of Cornershop, a grocery delivery app founded in Santiago, Chile and launched in 2015. An undisclosed fee has been agreed, however the deal is subject to regulatory approval. If it does go ahead the transaction is expected to close early 2020. Cornershop acquisition by Walmart previously rejected Walmex (Walmart Mexico) previously tried to acquire the Corn...
14 October 2019
Carrefour Brazil has handed over the management of 17 of its supermarkets in the South Eastern state Minas Gerais. The stores, which are all located in the state capital Belo Horizonte, will be managed by a regional family-owned retailer Super Nosso, however Carrefour will retain ownership. Luis Moreno, chief executive of Carrefour Varejo (Carrefour’s supermarket and hypermarket operations) sa...
14 October 2019
In this article we look at fantastic examples of brand activation we have seen on recent trips to Brazil and Mexico, the two biggest markets in Latin America. All of the featured images and videos were taken in hypermarkets and supermarkets, predominantly in the major retailers’ premium formats. We were impressed by some of the innovative merchandising we saw. In our view, this would exceed ...