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Cencosud has reported supermarket revenue of CLP1,670.3 tr (US$2.1 bn) in Q3. In local currency this represents a 0.6% increase. The slight growth was driven by revenues in Argentina, Chile and Colombia, but partially offset by Brazil and Peru. In constant currency, revenues increased by 6.9%. This reflects the depreciation of the Argentine peso and Colombian peso against the Chilean peso.

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Uber has announced its acquisition of Cornershop, a grocery delivery app founded in Santiago, Chile and launched in 2015. An undisclosed fee has been agreed, however the deal is subject to regulatory approval. If it does go ahead the transaction is expected to close early 2020. Cornershop acquisition by Walmart previously rejected Walmex (Walmart Mexico) previously tried to acquire the Corn...
Walmart Canada has appointed Horacio Barbeito as president and CEO, effective in October, pending work authorisation. We look at some of the issues which will be on his agenda as he takes this key leadership role. Established business leader Barbeito joins Walmart Canada having led the retailer’s operations in Argentina and Chile since 2015. Prior to that, he led the business in Argentina f...
Chile-based Cencosud are one of the top five grocery retailers in Latin America, with operations in Argentina, Brazil, Chile, Peru and Colombia. The business has announced plans to invest US$300m in 2019, of which 50% will be invested into new and remodelled stores. A third will be invested into enhancing its ecommerce business.   Cencosud forecast consolidated revenues of US$15,194m for 2019 ...

Presentations

04/06/2019
This figures-based deck summarises the forecast for the Latin American grocery market to 2023 and comes complete with a dataset.
18/01/2019
We look at five themes, including the growth of discounters and the continued strength of the atacajero format, that are set to shape the region's grocery markets in 2019 and beyond. With case studies from Brazil, Colombia and Mexico, amongst others, and retailers like Carrefour, GPA and Walmart, the presentation highlights the challenges and opportunities the region is expected to provide manufacturers in the short term.
22/12/2018
With internet penetration and smartphone ownership growing in Latin America we explore the growth of online grocery.
View all presentations

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