Latin America News & Analysis

26 July 2019
France-based Casino has said its consolidated net sales rose by 1.1% in total, to €8.988 bn, with same-store sales up by 2.3%. The retailer’s performance was driven by the continued strength of its Latin America-based operations, with support coming from its stores in France and Cdiscount. Separately the retailer highlighted several highlights it had generated in the first half. For our look a...
26 July 2019
Carrefour continued to spotlight the positive effect of its strategic initiatives as it announced its Q2 results, which showed an acceleration in group like-for-like sales growth. The retailer said like-for-like sales growth was 3.9% in Q2, versus 3.2% in Q1, driven by its supermarkets and convenience stores in France and operations in Eastern Europe and Latin America. Hypermarkets hold back p...
24 July 2019
In its Q2 2019 results Walmex (Walmart’s operations in Mexico and Central America) announced a total revenue of MX$154.35bn (US$8bn). This was a 5.2% increase versus Q2 2018. Same-store-sales grew by 5% in Mexico, underlining the country’s importance to Walmex’s performance overall. Mexico a strategic focus for Walmart Mexico continues to be one of Walmart’s key investment markets and is ...
18 July 2019
Brazilian retailer GPA, part of the Casino Group, plans to open its first store testing advanced payment technologies including facial recognition and “scan & go” in 2019. This will be trialled in a Minuto Pão de Açúcar convenience store in São Paulo and the business expects it to open before December. The technology has been developed by Microsoft. The initiative is in line with GPA’s wider...
17 July 2019
Carrefour has announced it has signed a strategic partnership with Glovo, which will enable it to offer shoppers with a 30-minute delivery service, seven days a week in four countries. Partnership adds to growing range of fulfilment options Carrefour and Glovo said the partnership covers the former’s operations in France, Argentina, Italy and Spain. It will mean that Carrefour has exclusive...
09 July 2019
Over the last 18 months, we have seen a growing trend for the major grocery retailers in Brazil to shift their focus towards promoting healthy, fresh and organic products. There is an increasing consumer demand to buy healthier and natural products. Carrefour and GPA (part of the Casino Group) have addressed this by implementing dedicated health-food zones in their stores and in both cases, ...
03 July 2019
France-based Casino has announced plans to restructure its Latin American operations. The changes will see it control its Latin America-based business divisions in Argentina, Brazil, Colombia and Uruguay through a 41.5% stake in Brazil-based Grupo Pão de Açúcar (GPA).  GPA to acquire all shares in Éxito Through an all-cash tender, GPA will acquire all shares of the Colombia-based Éxito. The...
02 July 2019
Canada’s leading dollar store chain, Dollarama, has acquired a 50.1% interest in Latin American value retailer, Dollarcity. This builds on the existing cooperation agreement between the two chains. Commercial agreement since 2013 Dollarama and Dollarcity entered into a commercial agreement in 2013. This focused on sharing business expertise and in Dollarama providing sourcing services to Do...
26 June 2019
Brazil-based GPA is enhancing its Aliados Mini Mercado (formerly Aliados CompreBem) wholesale business through the launch of its new B2B ecommerce platform. Background to Aliados CompreBem GPA launched its Aliados CompreBem business model in July 2016, which was re-branded to Aliados Mini Mercado in 2018. The initiative was set up to enable small and midsized independent neighbourhood store...
06 June 2019
Brazil-based drugstore operator, RaiaDrogasil, reports 15.3% revenue growth to BRL4.2bn (US$1.1bn) in the quarter from 1st January 2019 to March 31st 2019. Boosted by new store openings RaiaDrogasil reports 15.3% revenue growth to BRL4.2bn (US$1.1bn)in the quarter from 1st January 2019 to March 31st 2019. The retailer also achieved a LFL growth of 5.6% in Q1. The strong result was booste...