Colombia news

13 March 2013
Jerónimo Martins has announced that it has opened its first stores in Colombia, in Pereira, as part of its expansion into a new market. First store opened in Paisa region The company’s first five Ara stores and its first distribution centre will be opened in the chosen region due to the logistic advantages that it provides. The company said that the stores will measure between 300 sq m and 60...
06 March 2013
Chile's Falabella achieved consolidated revenue growth of 11% in Q4 2012, and a full year increase of 15%. New stores driving non-banking revenue Revenue from non-banking businesses grew by 10.5% in Q4, mainly driven by an increase in sales area following the opening of 18 new stores.  Positive same-store sales growth reinforced this performance.  Expansion accelerated in the fourth quar...
04 March 2013
Leading Chilean retailer Cencosud has reported consolidated revenue growth of 20% for the full year 2012, mainly driven by over 150 new stores. Double-digit increase in operating profit The new stores included 31 supermarkets acquired from Prezunic and 39 department stores from Johnson.  Along with one month's worth of consolidation in Colombian supermarkets, and positive same store sales ...
20 February 2013
Colombia's Grupo Éxito has reported operating revenue growth of 15.7% for 2012, and a 3% increase in the fourth quarter.  Growth driven by aggressive expansion Grupo Éxito opened 86 stores during the year, of which 35 were in Colombia, and entered 15 new mid-sized cities.  It is now present in 82 cities in Colombia. E-commerce operations also revealed strong growth during the year, u...
20 February 2013
Chilean retailer Cencosud is to invest USD731m in 2013, across its five Latin American markets.  Organic expansion across the region The investment will be broken down as follows: Chile - USD242m, the largest proportion of investment, will go towards 17 new supermarkets and various non-food stores Brazil - USD116m will include 15 supermarkets Peru - USD80m, including ...
06 February 2013
Canadian dollar store operator Dollarama has entered into an agreement to provide sourcing services and business expertise to Central American dollar chain Dollar City. Eight-year agreement offers option to acquire majority share Dollarama will share its business and operational expertise with Dollar City, which is looking to expand its activities in Central America, Colombia, Peru and Ecuado...
11 January 2013
Portugal-based Jerónimo Martins has announced that preliminary sales for 2012 saying that group sales had risen by 10.5% to €10.9 billion. Biedronka remains engine of sales growth in 2012 The company said that ‘Biedronka had another strong year’, aided by the addition of 263 stores and like-for-like growth of 6.4%. Although the market environment weakened over the course of 2012, with the pac...
11 January 2013
Chilean group Falabella says it will invest nearly USD4bn to open 231 stores and 20 shopping malls over 2013-2017. Continuation of 2012 expansion The investment will be phased across the five year period, as shown below, and will cover all Falabella's markets: Chile, Peru, Colombia and Argentina.  By the end of 2017, Falabella will have 527 stores and 51 malls.  It continues investments m...