Over the last decade the discount channel has seen exponential growth in Colombia. The channel is dominated by three retailers; D1, Ara (owned by Portugal-based Jerónimo Martins) and Justo & Bueno. Together the three retailers operate over 2,800 stores. In recent years the channel has become increasingly competitive as Ara and Justo & Bueno have quickened the pace of their openings. Combined...

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. Pl...

Colombian retailer Grupo Éxito, part of the Casino Group, has posted its strongest sales performance of the last three years. In Q3 its net sales reached COP2.67tn (US$779.9m), a quarterly growth of 5.6% (vs. 3.4% in Q2 and 0.6% in Q3 2018). This is the business’s seventh consecutive quarter of net sales and same-store-sales (SSS) growth. SSS grew by 5.8% in Q3, up from 3.6% in the previous ...