La Comer news

In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...

Latest UN population forecasts show Latin America urbanising at a faster rate than anywhere else on earth, with 89% of the population set to live in urban areas by 2050. This is accelerating the focus on its cities, posing infrastructural challenges alongside expanded opportunities. What's a megacity and why is it important? Megacities, and others that are just below the megacity thresho...

In this update, we look at what happened at retailers across the region in the second quarter of 2016, including results, format development, and new market entries. Mixed bag of results to date In Brazil, there seems to be no stopping Assaí as the atacarejo format reported 37.6% sales growth year-on-year for Q2. Proximity growth was also double digit for GPA Casino's e-commerce...

In this update, we look at what happened at retailers across the region in the first quarter of 2016, including results, expansion plans, new formats and restructuring. Good start to 2016 Grupo Éxito's growth accelerated, powered mainly by Colombia's positive economic environment. We look at how it plans to grow For Carrefour , like-for-like sales were up 9.9% in Brazil and ...

Soriana has reported a 7.4% increase in income for 2015, driven by new stores and same store sales growth. Offers and promotions boost same store sales Soriana opened 11 new stores during the year, four of which in Q4. Same store sales were up 5.6% for the year and 6.2% for Q4, as a result of improved offers and promotions including the addition of 670 new products from small regional p...

In this update, we look at what happened at retailers across the region in the fourth quarter of 2015, including expansion, refocusing, and quarterly results. Expansion to continue in 2016 Soriana and La Comer agreed to the conditions imposed upon them by the competition authorities in Mexico, in relation to the acquisition of La Comer stores Falabella announced its 2016-19...

Mexico's leading domestic retailers have reported third quarter 2015 results.  Oxxo: adds nearly 300 stores FEMSA Comercio reported total revenue growth of 37.4% driven mainly by incorporation of Oxxo Gas operations and 9.1% growth in Oxxo same store sales. The retailer added 276 net new Oxxo stores to reach 1,146 net new for the last year; as of 30 September Oxxo has 13,541 stores. FEMS...

Soriana and La Comer have agreed to the conditions imposed upon them by Cofece, in relation to the acquisition of La Comer stores. 14 stores will be excluded Soriana has agreed to the condition that it must not acquire, or must subsequently divest, 26 of the stores involved in the transaction. Of those 26, 12 will be acquired, to be divested later, and 14 will be excluded from the tran...

In this update, we look at what's been happening at retailers across the region in the third quarter of 2015, including expansion, restructuring, loyalty scheme developments and in-store activity with suppliers. Mixed results, with Brazil proving a tough market Carrefour said its increasingly multi-format strategy in Brazil drives positive growth, with like-for-like sales up 7.4% i...

The Mexican competition authority Cofece has given its seal of approval for Soriana's acquisition of La Comer stores, subject to certain conditions. Competition would be reduced in 27 markets Cofece discussed the deal on 1st October and announced on 9th October that approval had been given. Cofece ruled that the transaction would significantly reduce competition in 27 markets and could...