Colombia news

19 October 2018
Casino reported Q3 sales saying net sales rose 5.4% on an organic basis and by 3.3% in same-store terms. The retailer said it had enjoyed accelerated growth in both France and Latin America, echoing statements from Carrefour in its own third quarter results. France: growth across formats Casino said total sales in its home market rose 2.0%, by 2.0% on an organic basis and by 1.9% in s...
30 August 2018
Grupo Èxito has reported strong Q2 results. All markets performed positively, with an overall 8.7% increase in net sales. We look at the results in more detail and what has driven growth. Adapting strategy for individual markets The retailer has been focused on tailoring its commercial strategy to cater to each market individually. It believes this is the driver of its positive performance....
26 July 2018
We look at the top five stories in grocery retailing in Latin America over the last month. 1. Walmart buys 52 stores in Costa Rica Walmart has purchased 52 stores from Costa Rican retailer, Gessa. These are currently under the control of Grupo Empresarial de Supermercados. Gessa has four banners; Peri, Super Buy, Saretto and Express Day. They cater to a wide range of economic needs and diff...
11 July 2018
International warehouse club PriceSmart has reported mixed results for Q3 2018. Performance has been driven by the currency fluctuations in the Colombian market. We look at this and reflect on our recent visit to the retailer. Stabilised growth in Latin America Growth rates have recently steadied in most of its core Latin American, Caribbean and Central American markets. New warehouse sales...
07 June 2018
Chilean-based retailer Cencosud reported a challenging start to 2018 with mixed overall results heavily impacted by currency fluctuations. Adjusted EBITDA grew by 7.0%, while at a group level sales in Chilean Pesos declined by 4.0%. The sales dip in supermarkets was -5.7%, though this contrasted with performance as measured local currency performance, up 5%. The key drivers of stronger profita...
24 May 2018
We explore these results in more detail and the future strategies for 2018. Colombia: recovery of sales driven by Fresh Market and omnichannel • Net sales -1% and same store sales -3% • Èxito and Carulla net sales -1% and same store sales -1% and -2% respectively • Surtimayorista and Surtimax -9% in net sales and same store sales • Omnichannel sales +35% • Expansion: one new Èxi...
02 May 2018
We recently visited this key market in Latin America and were struck by six developments.  1. Wider economic growth prospects are currently tempered by uncertainty over the forthcoming election. Colombia has enjoyed some good growth over recent years. But recent growth, impacted by factors such as exchange rate fluctuations, inflation and unemployment, has been slower. Longer term growth pro...
18 January 2018
Group sales were up 9.4% without foreign exchange (w/o FX) since 2016, reaching €16.3bn. Jerónimo Martins said that their strategic focus on growth led to all banners reinforcing their market positions and meeting their sales targets. In line with its increase in capital expenditure programme, there has been a continued expansion in Poland and Columbia, with most new stores being opened in Q4....
09 November 2017
PriceSmart has announced its fourth quarter earnings. Colombia has outperformed expectations; however, the retailer’s other markets have negatively impacted its overall results. We look at the performance in greater detail. Positive overall results PriceSmart’s overall Q4 sales were US$711.0m, a +3.6% year on year increase. Comparable store sales were +1.9%. Growth in Colombia Colombi...
26 October 2017
Portugal-based Jerónimo Martins has announced third quarter results saying total sales 11.1%, 9.3% at constant exchange rates, to €11.9 bn. After a challenging period, Biedronka returned to strong sales growth driving performance at the company overall. The numbers Third quarter Jerónimo Martins: total sales growth: 10.4%; like-for-like sales growth 6.2%; Biedronka: total sales ...