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Justo & Bueno was launched in Bogotá, Colombia in February 2016 and in December 2019 celebrated opening its 1,000th store in the market. The business is set to enter Chile in 2020, which will be its third market in Latin America. It also operates around 100 stores in Panama, where it continues to expand its presence.

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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 ...

Presentations

06/01/2020
We review the five key trends set to shape the Latin American grocery market over the next 12 months and beyond.
02/12/2019
We’re wrapping up 2019 by looking at some of the most insightful discount stores we visited this year. This report will give you a view on how the discount channel is evolving globally. Discounters use a more shopper centric strategy, they invest in technology in their stores and evolve their assortments to align with latest trends.
06/11/2019
We explore the key growth markets for the convenience channel in Latin America. This outlines the conditions shaping its growth in these markets. We also deep-dive into five key themes that will influence future development in the channel.
View all presentations

Key presentation

This in-depth guide to Colombia explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

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