Latin America News & Analysis

02 August 2013
Latin American e-commerce company MercadoLibre has reported 38% revenue growth for the three months ended 30 June (+26.3% in USD terms). Exciting opportunities ahead Items sold on MercadoLibre during the second quarter of 2013 increased by 27% to 20.1m. Income from operations also increased by double digits (+23%). President and CEO Marcos Galperin commented: "Our strong performance this qua...
31 July 2013
Chile's Falabella added around 208,000 sq m of sales area over the last twelve months, helping drive revenue growth of 10.1% in its non-banking operations in the second quarter of 2013. Continues level of performance from Q1 These quarterly results follow good increases in operating income and revenues for the non-banking businesses in Q1, again due to greater sales area and positive sam...
31 July 2013
Portugal-based Jerónimo Martins has announced H1 results for the period ending 30 June saying that total consolidated sales had risen by 12.6% to €5.6 billion. Slowing economy affects Biedronka's sales growth The retailer highlighted the slowdown in Poland's economy, noting a 'softening of consumption and the weakness in the Euro area affecting exports'. This saw like-for-like sales at Bie...
30 July 2013
Mexican retailer Soriana has reported a 0.4% increase in total revenue for the second quarter of 2013, hit by the slowdown in consumer spending. Economic difficulties a common theme in Q2 Other retailers who operate in Mexico - Oxxo , Chedraui and Walmart de México y Centroamérica - have all released results in the past week and all have pointed to the weak economic climate as a factor i...
29 July 2013
DIA has revealed "outstanding like-for-like sales growth" (+18%) in its emerging markets as part of its Q2 results announcement, in which it also reported that gross sales under banner grew by 5% (+8.5% in local currency) to €2.93bn.   Gross sales up in H1 For the first half, gross sales under banner were up 3.4% in euro terms, to €5.66bn, and +7.1% in local currency. Net sales were up ...
29 July 2013
Éxito has reported net revenue growth of 4.7% for the second quarter of 2013, attributing the majority of this increase to its local and international expansion plans. Acquisition in Uruguay boosting market share Éxito acquired the La Cabaña supermarket chain in Uruguay in July. The country's ninth-ranked retailer, it will add 1% of market share, according to Éxito. In the home market, É...
29 July 2013
Walmart de México y Centroamérica has reported solid results in Central America and a difficult period in Mexico for the second quarter of 2013. Difficult economic environment in Mexico As highlighted by Oxxo in its results statement, the economic environment in Mexico was weak, with 0.8% economic growth in the first quarter of 2013 compared to 4.9% in the same period of 2012. Poor growth...
29 July 2013
Mexican retailer Chedraui has reported 1.6% growth in consolidated net sales for the second quarter of 2013. Has opened 24 stores over past year Chedraui has opened 16 new stores in the last year in Mexico, and eight in the United States. This meant an increase of 8% in sales area. Same store sales were up 0.2% in the US (dollar terms) and down 4.5% in Mexico. The challenging economic env...
26 July 2013
Mexico-based OXXO, owned by FEMSA, has announced that total revenues rose by 12.8% during the first half of the year, ending June 2013, to MXN46.5 billion (US$3.7 billion). Pace of sales growth slowed in Q2 The retailer said that total revenue growth in the second quarter was 11.7%, down from 14% in the first quarter. Sales per store rose during the second quarter by 0.9%, aided by a rise in ...
25 July 2013
On a group basis Casino's sales rose by 40.4% in the second quarter of 2013 to €12,086m, following the consolidation of GPA in Brazil and Monoprix in France. However, the divisional performance in France underlines a more challenging position; hypermarket same store sales excluding fuel declined by 10.5%, while supermarkets were down 8.7%, on the same basis albeit with a negative calendar impact. ...