Latin America News & Analysis

09 October 2019
The fastest growing channel in Brazil recently has been the atacarejo (cash and carry). A growing number of customers are migrating to it from supermarkets and hypermarkets. As a result, the major retail players are having to re-think their strategies for these channels to remain relevant.   Why is atacarejo so popular with customers? The atacarejo channel is unique compared to other mark...
24 September 2019
Colombian discounter D1 has said it believes there is scope for it to operate over 2,000 stores in the country, doubling the number of stores it operates presently. Given its aggressive expansion in recent years, we see this as a realistic target and one that is likely to be achieved sooner rather than later. The business recently opened its 1,000 th store In July 2019 D1 opened its 1000...
17 September 2019
Spain-based discounter DIA has highlighted the positive developments it has taken in the first six months of its financial year. At the same time the retailer said gross sales under banner had fallen by 18.3%, or by 6.9% at constant exchange rates, to €4.25 bn. Disruption affected overall performance DIA reported that like-for-like sales dropped by 7.8% in the half, versus 3.6% in H1 2018, ...
12 September 2019
Amazon has rolled out its Prime membership service in Brazil, as it looks to further develop its offer in the market. Largest benefit offering yet The new service will hopefully drive increased loyalty for the online retailer, opening up what it describes as an the “ largest benefit offering ever made available in programme launches in 14 years of history”. Services available to those that...
30 August 2019
In Q2 2019 Grupo Éxito has reported net sales of COP2.62tn (US$753.9m) in Colombia, representing a 3.4% growth. This strong performance was driven by a combination of the success of its latest Éxito WOW and Carulla Fresh Market concepts, the expansion of its Surtimayorista cash and carry banner and advances in omni-channel. Same-store-sales (SSS) grew by 3.6% in the quarter, predominantly drive...
22 August 2019
Private equity firm Advent International acquired an 80% stake of Walmart’s Brazil business in June 2018 for US$4.5bn. The business has just announced that the Walmart brand will be removed from its supermarkets by June 2020 and the retailer will operate under its new name ‘Grupo BIG’. In May 2019 Walmart told Reuters that it would end its ecommerce operations in Brazil to re-focus on its bric...
14 August 2019
Cash and carry continues to be one of the fastest growing channels in Latin America. The stores have been particularly successful in Brazil and we are starting to see major retailers open an increasing number of them in other markets across the region. The following article focuses on cash and carry growth in Brazil, Argentina and Colombia. Brazil Brazil remains the dominant market for ca...
08 August 2019
RaiaDrogasil reports 17.1% growth in sales to BRL4.4bn (US$1.1bn) in the quarter to 30th June 2019. Boosted by store expansion RaiaDrogasil reports 17.1% growth in sales to BRL4.4bn (US$1.1bn) in the quarter to 30th June 2019. The strong performance was boosted by net 44 store openings, meaning the retailer ended the quarter with an estate of 1,917 stores. The result marks another pos...
01 August 2019
GPA has reported gross revenues of BRL$14.2bn (US$3.7bn) for Q2, an 11.3% year-on-year (YOY) increase. This is despite comparative like-for-like performances being affected by a slower recovery of the economy and a particularly strong comparative sales performance in 2018 as a result of the football world cup.   Assaí accounts for over 50% of gross sales In Q2 gross sales for GPA’s Assaí ...
31 July 2019
Carrefour Brazil has reported consolidated sales of BRL15.3bn (US$4bn) for Q2 2019. Gross sales accelerated from +9.9% in Q1 to +13.5% (ex-petrol) in Q2. Like-for-like (LFL) sales were +7.7%, more than double what they were in Q2 2018. Sales for Carrefour Retail grew by 10.6% demonstrating how Carrefour’s 2022 transformation plan and Act for Food strategy are successfully driving spend in it...