Latin America News & Analysis

03 September 2013
Walmart Chile has reported a year-on-year revenue increase of 9.9% for the second quarter, with EBITDA up 14.2%. Revenue increase driven by retail segment The retail segment, which contributes 95% of revenue, grew sales by 10.8% during the period, due to an increase in comparable store sales. Walmart Chile operated 331 stores at 30 June 2013, spanning 761,000 sq m; three new stores opened...
02 September 2013
Cencosud has reported consolidated revenue growth of 14% for Q2 2013, driven by its Colombian acquisition and higher revenues from the home improvement, department store and shopping centre divisions. Supermarket division revenues up 15% The consolidation of the Carrefour Colombia business, positive same store sales in almost every country and 73 new stores since June 2012 boosted reve...
29 August 2013
Carrefour has reported net sales growth of 1.4% for the first half 2013 and recurring operating income growth of 7.7% (both at constant exchange rates). 'Much improved performance' in France offsets weakness in southern Europe Sales in France came in at -0.3%, with food sales remaining firm. Recurring operating income was up 75.4% and Carrefour said profitability was good in all form...
19 August 2013
Mexican retail group CCM has updated its guidance for 2013 and is to invest MXN1,735m in new store openings, conversions and renovations. Fewer new stores but strategic objectives remain the same Fewer new stores will open in 2013 than previously stated , as a delay in some projects means they will not be completed until 2014. The rate of refurbishments and store conversions will continu...
16 August 2013
Walmart reported international sales growth of 2.9% for Q2 on 15 August. We take a closer look at its performance in Latin America. Slowing growth in Mexico Net sales increased 3.1% over last year, with comparable store sales down 1.6%, negatively affected by the timing of Easter. A general slowdown in consumption in Mexico, which has been reported by other retailers over the past few ...
15 August 2013
Walmart's net sales increased by 2.4% in the second quarter, with sales in its US stores up 2.1% and up by 2.6% at Sam's Club. International sales were up 2.9%. Consolidated net income attributable to Walmart increased by 1.3%, behind the growth in net sales. In the US, comparable store sales, its key benchmark performance indicator, decreased by 0.3% excluding fuel. The results in brie...
14 August 2013
Colombian retailer Olímpica has reached the milestone of 250 stores with the opening of Supertienda Olímpica in Sincelejo. Continues series of openings in 2013 In the first half of this year, Olímpica has opened six new stores across the country. In August, it acquired three stores from the Supertigres chain, in Cali, boosting its presence in the coastal region of Valle del Cauca. Olímpic...
13 August 2013
Walmart Brazil has named Guilherme Loureiro as its new president, replacing Marcos Samaha. Appointment effective 31 August Mr Loureiro has been at the retailer for a year and is currently executive vice president. His new appointment will take effect on 31 August. His past experience includes various roles at Unilever. Mr Samaha leaves Walmart after 14 years and will remain until the end ...
09 August 2013
Brazilian drugstore retailer RaiaDrogasil has reported gross revenue growth of 16.6% for the second quarter of 2013, and 10.2% growth in same store sales. Ongoing rebranding of stores RaiaDrogasil opened 25 new stores and closed ten in quarter two. It also temporarily suspended operations at five other stores as the rebranding and optimisation project continued. The retailer believes that ...
08 August 2013
The 'SuperCard' credit card has launched in Argentina this week, aimed at boosting business and lowering costs for consumers and retailers. Aim is to lower costs for consumers and retailers Argentina's domestic trade secretary, Guillermo Moreno, met with retailers in March to agree the launch of the SuperCard. It is valid for use in various retailers, including Coto, Carrefour, Jumbo, Dis...