Colombia news

04 May 2022
Jerónimo Martins has announced its Q1 2022 results, revealing a positive performance across all countries where it operates, Colombia, Poland, and Portugal. Sales performance Jerónimo Martins’ consolidated sales increased by 15.2% to €5.5 bn compared to Q1 2021. Group EBITDA increased by 15.5% to €372m, a strong first quarter considering high and increasing inflation across all operating ma...
23 March 2022
Chilean retailer Cencosud, which operates grocery stores in Chile, Argentina, Brazil, Colombia and Peru, is expanding its ‘Spid’ store concept across the region. This unique format comes in the form of both dark stores (therefore used for fulfilling online orders) and hybrid stores which act as both a convenience store and a hub for picking online orders.    Expanding across LATAM Cencosud ...
10 March 2022
Jerónimo Martins has announced its FY2021 results, revealing a positive performance across all countries where it operates, Colombia, Poland, and Portugal. Positive sale growth Jerónimo Martins saw sales grow 8.3% to €20.9 bn in 2021, with like-for-like (LFL) sales rising 8.0%. The retailer revealed the positive results were supported by the cumulative effect of all banners and their drive ...
02 March 2022
Coca-Cola bottler and c-store operator FEMSA plans to expand its OXXO convenience store estate by up to 50% across Latin America over the next decade. As of February 2022, the business operates 20,431 stores in the region, with the vast majority of these in its domestic market, Mexico (20,121 stores). If it can deliver against its long-term expansion strategy, FEMSA could surpass 30,000 sto...
25 February 2022
France’s Casino reported group net sales fell 0.8% in 2021, at constant exchange rates, dragged down by its performance in its home market. On a two-year basis Casino said sales were up 6.9%, although even here sales in France were down, with its operations in Latin America offsetting the challenges it is seeing in its home market. France: all banners suffered fall in sales in 2021… Reporti...
02 February 2022
COVID-19 has impacted the food and consumer goods landscape in Latin America, altering shopping habits, forcing retailers to rethink their strategies and accelerating trends. There is ongoing uncertainty over what the future holds and new variants continue to cause disruption and operational challenges.  With an eye on the next 12 months, we have identified five trends that we believe will sha...
02 December 2021
Grupo Éxito (part of the French retail group Casino) is Colombia’s leading grocery retailer. Today (2 December 2021) it has revealed its new 10-minute delivery service, which it is offering via its exclusive partnership with third-party quick commerce operator Rappi. The service will be used to deliver Carulla products (Grupo Éxito’s premium supermarket banner) from dark stores spread across C...
05 November 2021
As part of separate announcements, Casino has reported Q3 sales rose 1.0% in same-store terms, or by 4.1% at a total growth level, while it is set to partner with Gorillas for the quick commerce market in France. Casino Group sees sequential improvement in Q3 results Casino reported same-store growth of +1.0% in Q3, versus a contraction of -4.1% in Q2, and total sales growth of +4.1%, versu...
24 September 2021
Quick commerce is becoming increasingly competitive in Latin America. The sector is currently dominated by local operators, including Rappi, Cornershop (recently acquired by Uber), and iFood. These businesses have profited from their local know-how, such as understanding consumption habits and knowledge of LatAm’s complex road networks, which is fundamental for logistics and delivery.   This y...
07 September 2021
Colombia-based retailer Grupo Éxito (part of the French retail group Casino), operates 84 stores under its premium supermarket banner Carulla. In August 2021, the business appointed Guillermo Matías Destefanis as Carulla’s new executive director. Destefanis previously managed the Devoto supermarket banner in Uruguay, which is also owned by Grupo Éxito. In recent interviews with Colombian ec...