Latin America News & Analysis

12 June 2013
GPA's chief executive, Eneas Pestana, has revealed plans to invest BRL2bn (USD930m) in 2013, compared to BRL1.5bn last year, as it looks to grow in the channels of online, wholesale and neighbourhood stores. Targets market leadership in online Following the launch of Extra Marketplace in March, GPA wants to increase the number of products from 100,000 now to one million in 2014. A chang...
08 June 2013
The final day of IGD’s trip to Bentonville included the Annual General Meeting, the focal point of its shareholders week, with a high energy early morning meeting of 14,000 Walmart associates and shareholders. Senior execs then also gave a Q&A with analysts. Shareholders' Meeting As always, the event included some big name acts including host Hugh Jackman and performances from John Legend, K...
07 June 2013
Day two of IGD’s trip to Bentonville included a visit to a Walmart Distribution Centre, a Supercenter and meetings and Q&A with key Execs. Key highlights are as follows: Key Insights from Day Two 1. Distribution Centre Tour DC #6094 is a Regional DC serving 130 Walmart Supercenters, discount stores, Neighborhood Markets and Walmart Express stores in parts of Arkansas, Missouri, Oklahoma a...
06 June 2013
IGD is in Bentonville this week to cover the annual Walmart Associates and Shareholder event. It’s a key week in the Walmart calendar, bringing together media, analysts, shareholders and associates for an update and celebration of everything Walmart. Today we attended a session at Sam’s Club as well as several presentations with key Walmart Execs. Key Insights from Day One 1. Sam’s Club: Se...
05 June 2013
China , the world’s biggest food and grocery market, is valued at more than US$1tn and is forecast to be worth US$1.5tn in 2016, according to our latest figures. Our research also found: The US grocery market will remain the second largest globally and is predicted to be worth US$1.1tn in 2016. We expect growth to accelerate from a compound annual growth rate (CAGR) of 3.6% between 2010...
05 June 2013
The Venezuelan state of Zulia is to begin imposing restrictions on 20 products which are subject to price controls, as of next week. Shoppers will be issued with computer-chipped cards Press reports say the state government will issue cards with computer chips, limiting purchases of goods including rice, flour, cooking oil, sugar and powdered milk. Purchases will be registered on computer ...
31 May 2013
DIA's commercial director Luis Martínez, speaking at a conference in Spain, has said the discounter will intensify its focus on the DIA Fresh fascia next year, as well as developing the Schlecker business. Working to launch new formats DIA will increase the openings of DIA Market, DIA Fresh and DIA Maxi in 2014. Stores which have already been transformed to the Market and Maxi formats ha...
31 May 2013
Chilean retailer Cencosud has reported 14% revenue growth (year-on-year, in peso terms) for the first quarter of 2013, with highlights being the consolidation of supermarkets in Colombia and positive same store sales in almost every country and division. Strong performance across all divisions in Chile Consumer confidence remained strong in Chile, according to economic data, with the pos...
30 May 2013
Costco’s net sales over the third quarter increased by 7.8% to $23.6bn, with comparable store sales increasing by 7% (ex-fuel and currency impacts). Net income over the period increased by 18.9% to $459.0m. Increased visit frequency driving sales growth Costco delivered another strong quarter, driven predominantly by a stronger visit frequency while average transaction remained broadly fla...
30 May 2013
In an interview with LSA, Carrefour's chief executive, Georges Plassat, has discussed the retailer's recent initiatives and what this means for it in the short to medium term. Carrefour to be built on three geographic pillars Plassat stated that Carrefour had expanded globally too far, which had stretched its resources, with the recent disposals easing 'the financial pressure off the com...