Colombia news

02 March 2017
Following a strong set of full year results, we look at Oxxo parent FEMSA's next steps in expanding Mexico's biggest convenience store retailer. 7.0% same store sales growth over 2016 The key driver of Oxxo's same store growth was a rise in average transaction size, up 6.8%, and this, combined with the addition of over 1,000 new stores over the year, drove total revenue growth for Oxxo of 1...
27 February 2017
As part of its 2016 FY results statement, Portugal-based Jerónimo Martins has discussed its investment plans for 2017. Announcing a strong increase in its capex programme, to €700m for 2017, from €482m in 2016, the retailer set out its belief in continued expansion in Poland and Colombia. Rising capex to fund expansion Jerónimo Martins said that it planned to invest €700m in 2017, with the...
17 January 2017
France-based Casino has said total sales rose 9.1% in its fourth quarter to €10.0 bn, with a small contraction in the three months in its home market being offset by growth in Latin America and in its ecommerce division. France: Monoprix and supermarkets lead the way In its home market, Casino said total sales contracted by 0.5% to €4.9 bn, organic growth also shrank, by 0.6%, but same-store...
13 January 2017
Portugal-based Jerónimo Martins has said net sales rose 6.5%, 9.8% at constant exchange rates, to €14.6 bn in 2016. After a slightly slower period of sales growth, the retailer’s Poland-based discount chain Biedronka saw an acceleration in performance, with net sales rising by 6.3%, or 10.8% at constant exchange rates. The numbers… Looking at the retailer’s performance, it said that in Euro t...
01 December 2016
Grupo Éxito has reported Q3 sales of COP16,571bn (USD5.2bn), up 12.1%, with food sales ahead by 16%. Meanwhile, the retailer posted a net loss of COP100.3bn (USD31.6m), affected mainly by financial expenses in Colombia and a net loss in Brazil. Colombia: strong growth despite adverse economic scenario Sales in Colombia increased by 10.6%, largely fuelled by the improved performance of Éxito ...
24 November 2016
After a heady recent track record of impressive sales uplifts, sales growth has slowed in the past year at PriceSmart, the membership warehouse club. Here we explore why, despite this downturn, it remains a business we expect to grow.  A modest but significant player While PriceSmart is relatively small at global level, it is however a major player in the warehouse club channel in Latin Ame...
24 November 2016
Cencosud has reported good strategic progress in key markets across its supermarket business in Q3, though overall performance was impacted by currency depreciation. Here we share our key takeaways. Significant new online initiatives Cencosud continued online grocery expansion across key markets, with Colombia and Argentina singled out for particular focus. Chile is the retailer's most ma...
17 November 2016
Colombia is emerging as one of Latin America’s key economies, with its sustained economic expansion and growing political stability prompting significant expansion for discount chains in particular. Discount growing quickly in the country Colombian retail association Fenalco confirmed to IGD the significant growth being seen in the discount channel: it estimates discount accounts for c. 6...
28 October 2016
Oxxo opened a net 234 new stores over Q3 2016. This helped FEMSA Comercio's retail division achieve an increase of 12.3%, year-on-year, in revenues. Creating destination stores There are now 14,695 Oxxo stores across Mexico and Colombia. Oxxo is adding additional services such as banking and selling package holidays to stores, to give customers more reasons to visit.   Drugstore opera...
25 October 2016
In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...