Latin America News & Analysis

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...
10 October 2013
GPA has announced gross sales growth of 15% for the consolidated business in the third quarter of 2013, helped by the 132 new stores it has opened in the last year. Of these new stores, 20 were opened in the third quarter. Technology products driving increases in non-food categories Sales for food categories rose by 7.9%, mainly due to strong performances from fresh categories (meat, f...
09 October 2013
Costco reported a 6.0% increase in net sales for the fiscal year ended 1 September 2013 to $102.9bn, with comparable store sales up 6%.  Operating income rose by 10.7%, to  $3,053m, for the full fiscal year. Sales increased by 1.0% in the fourth quarter, although this was a 16 week quarter, versus 17 weeks in 2012, with comparable store sales up 5%. First outlets to open in Spain next yea...
08 October 2013
Carrefour CEO Georges Plassat, speaking at the World Retail Congress in Paris this week, is positive that the retailer is on the right track, saying: "I am convinced that with the measures we are taking today, Carrefour is back." Hypermarkets are not dead Mr Plassat said around 68% of Carrefour's business was still carried out in-store, where retailers must provide quality products and w...