Colombia news

05 February 2021
In 2020, the Covid-19 pandemic impacted the food and consumer goods industry in a way that no one could have foreseen at the start of the year. Shopping habits changed at rapid pace and the retailers had to adapt to meet their changing needs. Although it is unclear exactly what the next 12 months will bring, the actions of the region’s leading retailers in 2020 help to us to understand the d...
22 January 2021
Cencosud S.A. is a Chilean-based multi-format retailer with operations in Argentina, Brazil, Chile, Colombia, and Peru. The business has announced plans to invest US$1.8 bn between 2021–2023. This will be mostly invested in renovating and constructing stores, as well as developing technology and launching a new proximity supermarket banner. Heavy investment in renovating and constructing new s...
09 December 2020
Grupo Éxito recently opened the 14 th store in its Carulla FreshMarket banner. This forward-thinking format has been certified by the Colombian Institute of Technical Standards and Certifications (ICONTEC) as the first carbon neutral food retailer in Colombia. The business invested COP6.5bn (US$1.9m) in renovating its Carulla 140 store, which opened at the end of November 2020 and is locate...
09 November 2020
Jerónimo Martins posted a resilient performance during the third quarter as it announced its results. The retailer said its third quarter saw some return to a new normality, which it underpinned with strict cost control. Biedronka continued to perform well in Poland, showing its flexibility since the beginning of COVID-19.  Sales performance Jerónimo Martins’s consolidated sales, in Q3 2020...
05 November 2020
Colombian business Koba Colombia SAS (Koba) opened its first D1 discount store in Medellín, Colombia, in 2009. D1 became the first discount chain to enter the market. A decade later, Koba celebrated the huge milestone of opening its 1,000 th store and announced ambitious plans to double this number. In recent years, the business increased the pace of store openings and on Wednesday 7 Oc...
05 October 2020
In October 2019, Uber announced it had reached an agreement to acquire a majority stake in Chilean grocery delivery start-up Cornershop, subject to regulatory approval ( covered here ). The move would enable Uber to extend its on-demand offer across the Americas to include grocery delivery. Source: Cornershop In July 2020 Uber Technologies unveiled that users in select Latin Americ...
18 August 2020
Mexican start-up Jüsto (Fair) was launched in July 2019 as Mexico’s first 100% online supermarket. Over the next 10 years it aims to become one of Latin America’s favourite supermarkets. It believes it can do this by employing the best talent and developing technology, which will allow it to compete with the largest retailers. “We are looking to revolutionise the industry… with a better qua...
30 July 2020
France-based Casino reported consolidated net sales up by 10.4% (same-store basis) in Q2 driven by strong demand across France and Latin America due to the COVID-19 pandemic. However, the group saw a net loss of €87 m during the first half of the year, mainly due to increased costs.   France: same store sales growth +6.0% driven by convenience and supermarkets Total net sales decreased by 5...
25 June 2020
In June 2020 Colombian retailer Grupo Éxito remodelled its Éxito Express store in the affluent El Poblado neighbourhood in Medellin. The 300 sq. m convenience store has been adapted to feature new initiatives aimed at protecting customer safety. Grupo Éxito invested a little over COP600m (US$158,000) into the concept. Source: Grupo Éxito Biosecurity measures used for a safer shopping...
17 June 2020
Colombia’s Grupo Éxito has invested around COP4 bn (US$1m) in renovating six stores under its Super Inter banner. The stores are in the south western region of Valle del Cauca, five in the city of Cali and one in the town of Jamundí. Source: Grupo Éxito As a result of coronavirus, Super Inter is focused on providing safe shopping environments for its customers. It has implemented var...