Latin America News & Analysis

20 February 2013
Chilean retailer Cencosud is to invest USD731m in 2013, across its five Latin American markets.  Organic expansion across the region The investment will be broken down as follows: Chile - USD242m, the largest proportion of investment, will go towards 17 new supermarkets and various non-food stores Brazil - USD116m will include 15 supermarkets Peru - USD80m, including ...
11 February 2013
Walmart de México y Centroamérica has announced changes in its supermarkets and speciality stores divisions, as part of moves to simplify the organisation structure. Long-standing Walmart executives moved to new roles Renzo Casillo has been named executive vice president and CEO of Walmart  Supermarkets in Mexico .  His responsibilities will include the Bodega Aurrerá, Walmart Supercente...
07 February 2013
Brazilian drugstore operator Drogaria Onofre has been acquired by the US chain CVS Caremark, for an undisclosed amount.  CVS's first international acquisition This acquisition was hinted at in local US media back in December 2012, when the press said that CVS could buy a stake of around 80% in the Brazilian chain.  CVS's chief executive, Larry Merlo, was quoted: "We view Brazil as an a...
06 February 2013
Canadian dollar store operator Dollarama has entered into an agreement to provide sourcing services and business expertise to Central American dollar chain Dollar City. Eight-year agreement offers option to acquire majority share Dollarama will share its business and operational expertise with Dollar City, which is looking to expand its activities in Central America, Colombia, Peru and Ecuado...
05 February 2013
The Argentine government has reached an agreement with the country's largest retailers to freeze prices for two months.  Freeze to last until 1 April Members of the United Supermarkets Association (ASU) have agreed to keep prices unchanged until 1 April, following a meeting with Argentina's domestic trade secretary, Guillermo Moreno.  The agreement has been backdated to take effect as o...
04 February 2013
Grupo Pão de Açúcar (GPA) has announced plans to add 25 Assaí wholesale outlets in north-eastern Brazil over the next three years. Part of plans to open 60 units in total There are currently 62 Assaí stores in eight Brazilian states.  The 25 new outlets are part of a wider plan in which GPA intends to open 60 more over the next three years.   In Brazil , wholesalers play a key role in t...
17 January 2013
Carrrefour has reported an improved sales performance for the final three months of 2012, especially in France and emerging markets. Total sales reached €22,853m, up 0.8%, with LFL ex fuel up 0.4%. For the full year 2012 sales were up 1% to €86,558m. For a full breakdown of Q4 and FY sales performance, click here . France sees further improvement at hypermarkets Sales in France were up ...
16 January 2013
Casino has reported Q4 2012 sales of €12,856m, up 35% on a total basis following the full consolidation of Latin American operations and up 3% on an organic basis. While international sales grew by 76% during the quarter, domestic sales declined 3% as household consumption lagged. For a detailed sales breakdown click here . French hypermarkets down more than 10% Net sales in France declin...
14 January 2013
Walmart has announced that Enrique Ostalé, president and CEO of its Chilean operations, has been named executive vice president, president and CEO of Walmart Latin America. Overseeing operations in nine countries Mr Ostalé will take up his new post on 1 March, from a base in Mexico City.  He will oversee Walmart's operations in Argentina , Brazil , Chile , Costa Rica, El Salvador, Gu...
11 January 2013
Portugal-based Jerónimo Martins has announced that preliminary sales for 2012 saying that group sales had risen by 10.5% to €10.9 billion. Biedronka remains engine of sales growth in 2012 The company said that ‘Biedronka had another strong year’, aided by the addition of 263 stores and like-for-like growth of 6.4%. Although the market environment weakened over the course of 2012, with the pac...