Colombia news

17 October 2017
France-based Casino has reported third quarter results that showed a positive performance in its home market being supported by good results in Latin America. Encouraging results in France In its home market Casino said it had enjoyed same-store growth of 2.5%, with 0.6% coming from the Retail segment and 18.4% from its online platform Cdiscount. The retailer said it had seen deflation in i...
22 August 2017
Colombia’s coffee production plays an important role in the economy and the national identity of the country. Over the last few years coffee stores have become more popular in the country, just as they have across the rest of the world. We look at one of the most recent success stories of coffee stores in the country, Tostao. It opened its first store in 2014 and has since rapidly expanded to ...
27 July 2017
Jerónimo Martins reported improved half-year sales turnover for 2017 at 9.4% year-on-year (constant exchange rate) and 6.9% in like-for-like sales to reach EUR 7.8bn. Improved performance is attributed to focus on footfall growth, sustained advertising spend, as well as product and private label expansion. Biedronka reports double-digit growth Biedronka reported a 10.8% year-on-year sales...
26 July 2017
The Portuguese group Jerónimo Martins has started a wave of purchases in Colombia to add to its existing 221 stores which operate under the Ara banner. Rapid expansion plans The retailer plans to open around 150 stores in Colombia over the next year. The most recent purchase is of five stores in Bogota, and the surrounding area of Cundinamarca. Future expansion is planned through acquiring ...
31 May 2017
As Cencosud’s Q1 results show a challenging start to 2017, we look at its different strategies for each country and its plan to combat the challenging Latin American market. Chile: expanding online Chile saw same store sales of -0.1%. As Cencosud’s most mature market, Chile’s performance is critical to the businesses’ overall success. Chile has high internet penetration and Cencosud is fo...
24 May 2017
Despite challenging macro-economic conditions Grupo Exito has reported positive results for Q1 2017. Sales rose from COP13.3 bn (USD4.4m) to COP 11.8 (USD4.0m), a 12.9% increase on Q1 2016. Grupo Exito continued to expand in the quarter with five stores new stores opening, bringing the current total to 1,559. Brazil: Assai drives growth Total sales for Brazil were +9.5% on last year and +5....
20 April 2017
After the announcement of PriceSmart’s Q2 results we take a more detailed look at the warehouse club business that is building a growing presence across Central America, Colombia and the Caribbean. The numbers in brief Sales doubled since 2010 to USD2.8bn last year Sales increased 2.7% to USD1,4588.4m in the first six months of the fiscal year 2017 Sales increased 1.8%...
18 April 2017
France-based Casino has announced first quarter results, which showed, at a Group level, a sequential improvement for total growth, but a slowing rate of increase in organic and same-store terms. The retailer's total sales growth, which rose by 11.6% to €9.3 bn, was boosted by its performance in Latin America, where total growth increased by 30.2%. France: continued progress in majority of ...
16 March 2017
We assess four initiatives announced in the past seven days to drive new growth across Brazil, Mexico, Central America and Colombia. Walmart in Brazil: full speed ahead with large format reinvention Following the success of initial trials, Walmart will invest BR$1bn (US$320m) in upgrading its large store estate over the next three years. It's a move that's needed, given the recent investmen...
08 March 2017
As Cencosud releases trading figures for Q4 2016 that show a slowdown from 2015, we look at performance in its supermarket division across its five Latin American markets. Overall group in Q4: Local level growth offset by currency shifts Chilean retailer Cencosud's fourth quarter revenues fell by 6.5% compared to Q4 2015. While they increased 7.0% at constant exchange rates, there wer...