Brazil news and analysis

29 July 2021
As Carrefour France acquires a minority stake in quick commerce operator Cajoo, its operations in Poland looks to reduce plastic use and it appoints a new chief executive in Brazil, we round up five developments from the retailer. Carrefour acquires stake in quick commerce company in France In its Q2 results statement Carrefour announced its acquisition of a minority stake in quick comm...
29 July 2021
Carrefour has announced Q2 and H1 results showing continued strength in several markets, especially France. At a group level, Q2 showed a sequential slowdown on Q1’s performance but was against a high comparable base in 2020. In H1 the retailer said like-for-like sales rose 3.9% to €38.3 bn. H1 highlights In the first half of its 2021 financial year, Carrefour noted several positive develop...
19 July 2021
COVID-19 has had a significant impact on grocery shopping habits in Brazil. Social distancing has led to people spending more time at home than ever before, creating a desire for hyperlocal convenience stores. This has led to a rise in autonomous store formats, which, over the last 18 months, have been opening close to homes and inside workplaces all over Brazil. Some were around pre-COVID, ho...
09 July 2021
Latin America is one of the most advanced regions for quick commerce, which we define as groceries and essential products delivered in under one hour. In the last year we have seen the emergence of new pureplay businesses (e.g. JOKR, Getir, and Gorillas), and the launch of new ultra-fast delivery services from existing plyers (e.g. Rappi Turbo), which can fulfil deliveries in 10 or 15 minutes. ...
02 July 2021
Given its size and population, Brazil has comparatively few convenience stores. There are a handful of forecourt convenience operators, like ampm which operates over 2,000 stores, but leading grocery convenience store players (GPA and Carrefour) have less than 400 stores combined. OXXO, the region’s largest convenience retailer, opened its first store in Brazil in December 2020 and set out amb...
21 June 2021
Since the start of the pandemic, Brazilian retailer GPA, part of France’s Casino Group, has shown impressive agility in responding to changes in consumption habits. The surge in online shopping has accelerated its digital and omnichannel strategies, which it continues to evolve at an impressive pace. In Q1 2021, the number of GPA customers using ecommerce grew by 60% year-on-year, and the numb...
16 June 2021
Carrefour, as part of its 2022 Transformation Plan, said it would invest €2.8 bn over five years in its digital operations to put technology and data at the heart of its strategy. We look at three initiatives from the retailer, one at the Group level and the others in Brazil and Spain, underlining its commitment to this part of its strategy. Carrefour launches new data and retail media strateg...
07 June 2021
On Tuesday 1 June 2021, GPA (Brazil’s second largest grocery retailer) announced its partnership with Latin American ecommerce giant Mercado Libre. This news comes less than six weeks since Soriana (Mexico’s number two) partnered with the business. Who are Mercado Libre? Argentine ecommerce business Mercado Libre (Free Market) was founded in 1999 and is now the largest online buying and sel...
26 May 2021
Chilean-based retailer Cencosud is rolling out a 35-minute delivery service (Spid35) in all of its operating markets (Argentina, Brazil, Chile, Colombia, and Peru). Rapid deliveries are made possible through the use of its own dark stores and through strategic partnerships with some of the regions’ largest last mile delivery businesses. Having launched the proposition earlier this year (Januar...
10 May 2021
Casino said net sales fell by €1.1 bn to €7.1 bn in Q1 2021 versus the year before. Net sales fell by €467m in France, where strong growth at Cdiscount offset challenges elsewhere, while they decreased, in euro terms, by €680m in Latin America. However, the retailer noted the sharp improvement in its profitability during the quarter, with its EBITDA rising by €22m to €429m, driven by its on-going...