Latin America News & Analysis

18 April 2013
Carrefour has reported consolidated sales of €20.8bn for the first three months of the year, up 1.3% at constant rates. Sales dropped by 1% in France excluding fuel, although the encouraging trend in food performance continued at the group's domestic hypermarkets. Hypermarkets post stable performance in France The economic environment in France remains challenging and poor weather added furt...
18 April 2013
Casino has reported a 33.7% rise in consolidated sales for the first quarter, driven primarily by the full consolidation of GPA in Brazil. Sales from total continuing operations reached €11,681m, with French sales down 4% and international sales up 73.6%. Price drops in France Casino continued the price cutting policy it initiated in Q4 through the first three months of the year, and stated ...
15 April 2013
GPA has reported a gross sales increase of 9.7% in Q1 2013, vs Q1 2012, driven by same-store sales growth of 6.6% and 25 new store openings.   Same-store sales were highlight GPA drew out the same-store sales performance of Assaí, Minimercado Extra and Ponto Frio as an "outstanding" highlight of the quarter. Assaí and Minimercado Extra outperformed the group average, reaching double dig...
03 April 2013
In an interview with the FT Carrefour CEO Georges Plassat has laid bare the group's strategy highlighting growth markets and decentralisation as growth levers. More growth to capture in Brazil and China Mr Plassat has previously acknowledged the importance of Brazil and China , the group's second and fifth markets, and has announced in this interview that the retailer's rate of growth...
28 March 2013
In its first year as a consolidated company, Brazilian drugstore operator RaiaDrogasil has reported same store sales growth of 11.6%, and gross revenues up 18.3%. Gaining market share across Brazil RaiaDrogasil was formed at the end of 2011 and, although much work has been done, full integration is still underway. The group opened 101 new stores during the year, ending 2012 with 864. Almost h...
27 March 2013
Walmart has announced plans to test in-store lockers for products ordered online in the US. This was among a number of new initiatives highlighted at its e-commerce media day held at its global e-commerce head office in San Bruno, California. Lockers offer added convenience The test of the lockers forms part of a broader plan by Walmart to integrate its physical stores with its online ...
19 March 2013
Walmart de México y Centroamérica is to invest USD30m in Nicaragua in 2013, which will be directed at new store openings. Maintaining levels of investment According to local press reports, the retailer will invest in seven new outlets in Nicaragua, to add to its existing portfolio of discount stores and supermarkets.  Corporate affairs manager Eduardo García said the rate of openings would ...
13 March 2013
Jerónimo Martins has announced that it has opened its first stores in Colombia, in Pereira, as part of its expansion into a new market. First store opened in Paisa region The company’s first five Ara stores and its first distribution centre will be opened in the chosen region due to the logistic advantages that it provides. The company said that the stores will measure between 300 sq m and 60...
12 March 2013
Costco’s second quarter sales, for the 12 weeks to February 17, increased by 8.2% to $24.3bn, with comparable store sales (excluding the impact of fuel and currency), up 5%. Net income attributable to Costco increased by 38.8% to $547m. A resilient model despite economic headwinds Costco delivered a strong set of results for the quarter, despite the headwinds of higher payroll taxes and ...
12 March 2013
Chilean convenience retailer OK Market plans to almost quadruple store numbers by 2017, according to local press. Operated 90 stores at end 2012 OK Market began operating in 2002 and has build a presence in the regions of Metropolitana, Valparaíso and Los Ríos.  By the end of 2012 it had grown to 90 stores and, according to the report, aims to reach 300-340 by the end of 2017.  It targets sal...