Latin America News & Analysis

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. ...
24 July 2013
@WalmartLabs has acquired Torbit, a technology company specialising in front-end optimisation. Its primary focus has been to develop measurement, analytics and performance improvement tools to help companies identify and enhance their overall site performance. Talent acquisition an important element of the deal Strategic acquisitions have been a key element of the growth and development str...
24 July 2013
GPA has reported gross sales growth of 10.4% for the consolidated business, for Q2. Gross sales for GPA Food, excluding real estate projects, were up 8.8% over the same period in 2012. Increase in expansion pace for food division GPA Food opened 29 new stores in the second quarter, up from 19 in Q1 (33 new stores for the consolidated group). GPA remains committed to expanding sales are...
24 July 2013
Speaking at Fortune's Brainstorm Tech conference, Neil Ashe, CEO of Global E-commerce at Walmart, said that the success of its multichannel initiative will be defined at a point when the retailer does not care where its sales come from. “Success is when we don’t care. An ultimate measure of success is when you decide you want to buy something from Walmart, and we don’t care if you buy it on y...
20 July 2013
IGD has launched a new look Retail Analysis service, which is easier to use and adds new functionality and benefits. You'll notice new features across the site - but here are our three favourites. 1. A new, insight-rich home page You've probably seen this one already. We've brought together more of our news onto our homepage, and added in more information about our latest, must-see insig...
19 July 2013
Mexican retail group Controladora Comercial Mexicana (CCM) has reported second quarter sales up 1.7%, alongside an operating profit increase of 3.8%, reflecting a slight contraction in consumption. Same store sales fell in Q2 Same store sales were down 0.4% for the quarter, however CCM said this was positive compared to figures released by the trade body ANTAD, of -1.7% growth in the foo...
17 July 2013
The Lima Chamber of Commerce has brought together leading e-commerce businesses in Peru to offer products and services at significant discounts for a 48 hour period, over 17-18 July. Goal is to help e-commerce grow in Peru E-commerce has been growing in Latin America and is predicted to account for almost USD70bn this year. Although Peru's share of this is around 1.5%, far behind Brazil at 59...
17 July 2013
Grupo Éxito's subsidiary, Grupo Disco Uruguay, has acquired the La Cabaña supermarket chain, based in El Pinar on Uruguay's southern coast. Stores located in busy tourist area This is the first Grupo Éxito acquisition since it entered the market in 2011. La Cabaña, which has been operating since 1996, is based in a busy tourist location near Punta del Este, where the population doubles in ...