Latin America News & Analysis

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...
28 May 2013
Chilean retailer Unimarc is to stock more than 40 Waitrose products in 100 of its stores, according to reports. Meeting demand for more cosmopolitan flavours The products will reportedly include "favourites" such as tea, biscuits and pasta. Waitrose business-to-business director, David Morton, was quoted: "South America, in particular Chile, has a growing economy and we were approached by...
28 May 2013
Grupo Wong, Cencosud's Peruvian business, has reported online sales up 15% for the period January to March 2013. Launches click & collect Grupo Wong is also launching click & collect , allowing customers to order by phone or online and collect in a store of their choice. It is operating in seven locations. Grupo Wong says it is the first retailer in Peru to introduce this service. ...
28 May 2013
Chilean retailer Falabella has announced the acquisition of a 50.1% share in Construdecor SA, which operates Dicico DIY stores in Brazil. Transaction should complete by 30 June Construdecor operates 57 DIY stores in the state of São Paulo, and reported a turnover of around BRL789m at the end of 2012. The transaction should close at the end of June.  Will be Falabella's fifth market ...
21 May 2013
Éxito has entered into agreements with a number of local retailers in suburbs of Bogotá, Colombia, to supply them with branded and private label products. New alliances have benefits for both parties The agreements will allow Éxito to extend its brand name and private label products into previously unexploited areas of the city, and into neighbourhood locations close to people's homes.  Th...
16 May 2013
Walmart's total net sales for the first quarter increased by 1.0% to $113.4bn, with growth led by its international division, where sales increased by 2.9%. In the US, Sam's Club delivered a 0.5% increase in sales (ex-fuel), while at its core US stores operation sales grew 0.3%.  Comp store sales at its US stores declined by 1.4% (ex-fuel). Operating income over the period increased by...
15 May 2013
@WalmartLabs has made two further acquisitions, OneOps and Tasty Labs, to boost its capabilities in platform and cloud development and social integration. Adding technology and talent through acquisition These latest acquisitions represent a continuation of @WalmartLabs’ strategy to build its team by strategically adding technology and talent through key acquisitions. The acquisition of One...
14 May 2013
FEMSA Comercio has announced its second pharmacy chain acquisition in Mexico. Follows acquisition of Farmacias Yza FEMSA Comercio has acquired Farmacias FM Moderna, a drugstore operator in the western Mexican state of Sinaloa.  FM Moderna operates more than 100 stores in the state.  FEMSA said the move was part of "advances in its strategy to establish a relevant position in this attractive ...
10 May 2013
Chilean retailer Falabella has opened a store combining the "best of the physical world with the comfort, speed and convenience of the online world." Customers can browse online and order in-store Customers at the 200 sq m Falabella.com Express, in the city of Los Andes, will be able to see displays of products in categories including electronics and homewares.  A seating area, equipped ...
10 May 2013
Brazilian drugstore operator RaiaDrogasil has reported an 11.8% rise in gross revenues for the first quarter of 2013, during which period it opened 36 new stores: "an all-time record for a first quarter." Consolidating leadership in midwest The majority of new stores were acquired from Drogaria Santa Marta in the state of Goiás.  Eleven of the stores were rebranded Droga Raia, launching the...