Colombia news

Overall net sales for Casino Group were down by -1.8% year-on-year (YoY) to €5.4 bn in Q1 2023. Its convenience and Parisian banners in France and operations in Latin America were the only positives. Mixed results at home Net sales in France saw a YoY fall of -4.9% in Q1 2023, which resulted in it generating total sales of €3.6 bn in the country. The largest decline in sales was experien...

Overall, the French retailer reported net sales of €33.6 billion, a 5.2% same-store growth, as its LATAM performance supports challenges in its home market. Larger formats struggle as convenience drives growth in France The French market has become a lot more competitive on price, which has become a challenge for the Casino banners. Despite the impact of inflation, volume sales have dropped...

Jerónimo Martins has announced its FY2022 premlinary results, revealing a positive performance across all countries where it operates, Colombia, Poland, and Portugal. Positive sales growth Jerónimo Martins saw sales grow 21.5% to €25.4 bn in 2022, with like-for-like (LFL) sales rising 19.6%. The retailer revealed the positive results as the group continued to invest in price, of which gave sh...

OXXO, a Mexican convenience store chain (owned by FEMSA), recently announced it will open two new stores every three days until the end of the year. As of September 30, 2022, OXXO operated 20,899 stores across Latin America, and in November last year, it announced its 10-year plan to open 10,000 stores. Following a successful acquisition of Valora Group (more below), we will soon start to see ...

Jerónimo Martins has announced its Q3 2022 results, revealing a strong sales performance across all countries where it operates, Colombia, Poland, and Portugal. The groups consolidated sales for nine months (9M) increased by 21% to €18,392m compared to the same period in 2021. Overall sales performance Jerónimo Martins’ Q3 consolidated sales increased by 22.7% to €6.5 bn compared to Q3 2021...

GPA, Brazil’s second biggest retailer, and Grupo Éxito, Colombia’s leading grocer, which are both part of the French retailer Casino Group, have made it easier for customers to make healthier choices through the development of the Taeq private label range. Democratising healthier options The pandemic has been a catalyst for customers to put their health first. This has led to them conscious...

On September 5, Brazilian retail group Grupo Pão de Açúcar (GPA) announced plans to sell 83% of the shares it owns in its subsidiary Grupo Éxito, Colombia’s leading grocer. The sale is aimed at generating increased value for Éxito shareholders but should enhance the market value of GPA and Éxito alike.    GPA will retain a minority share of 13% in Éxito but has the potential to monetise its ho...

Following on from our recent article, ‘Economic pressures paving the way for private label growth in Latin America’ , we take a closer look at three countries and how the leading retailers are gaining share from the major FMCG brands. Brazil has seen the highest growth in private label sales penetration Brazil is facing some of the toughest economic pressures in the region. Unemployment ...

In Latin America, the sales penetration of private label is well behind the levels seen in more developed regions, e.g. Europe and North America. But, in recent years this has started to change.    High inflation, coupled with the highest unemployment levels witnessed in over 30 years has weakened the purchasing power of many Latin Americans. As a result, people have had to reduce their spend ...

Jerónimo Martins has announced its H1 2022 results, revealing a strong sales performance across all countries where it operates, Colombia, Poland, and Portugal. Sales performance Jerónimo Martins’ Q2 consolidated sales increased by 24.5% to €6.4 bn compared to Q2 2021. The groups consolidated H1 2022 sales reached €11.9 bn an increase of 20%, compared to H1 2021. Group EBITDA increased by 19....