Colombia news

11 October 2016
Based in Colombia, Grupo Éxito is now the centre of Casino's operations in Latin America. We look at what's driving growth for the retailer.   'Multilatina' position creates a strong group Since the restructuring in mid-2015, Grupo Éxito has become much stronger, calling itself 'multilatina' to show its wide capabilities and market coverage. We are already seeing results from the cha...
22 September 2016
Latest UN population forecasts show Latin America urbanising at a faster rate than anywhere else on earth, with 89% of the population set to live in urban areas by 2050. This is accelerating the focus on its cities, posing infrastructural challenges alongside expanded opportunities. What's a megacity and why is it important? Megacities, and others that are just below the megacity thresho...
15 September 2016
Cencosud this week held its latest analyst day in Buenos Aires, where it updated on its priorities across key markets. We took a number of key messages from the session. 1. The economic backdrop is improving in several key markets With more optimism and stability in Peru, the prospect of Brazil coming out of recession getting closer and an improved business landscape in Argentina (for examp...
09 September 2016
The first ara stores will open in suburbs of the Colombian capital on 10 September. Kicks off expansion plan in central region Two stores will open: in Chía, to the north of Bogotá city, and Soacha, to the south. They are part of overall plans to open 40 stores in 2016, including in Bogotá and in nine municipalities of the Cundinamarca region. A spokesperson for ara, Germán Barreto, was...
01 September 2016
Grupo Éxito has reported that food sales grew by 8.6% for the second quarter of 2016 across Colombia, Brazil, Uruguay and Argentina, and representing 62% of total sales. It commented on "outstanding performance" in Colombia, Uruguay and Argentina, and a progressive improvement in Brazil.  Colombia: growth reflects expansion The 8.0% growth in sales in Colombia reflects expansion over ...
31 August 2016
MercadoLibre's chief financial officer, Pedro Arnt, said the second quarter of 2016 was one of its strongest ever. We look at three reasons why the online marketplace is one to watch in Latin America.   1. Consistently strong results Often referred to as the Latin American eBay (eBay is actually a major shareholder) MercadoLibre posted a 29% increase in net revenues, year-on-year, for t...
26 August 2016
Cencosud has reported improvement in its second quarter results, despite challenges around the economy and decelerating consumption. Revenues in local currency were up across all markets, except Brazil, although currency devaluations affected results in Chilean pesos. Encouraging signs in Brazil despite difficulties Cencosud's supermarket business posted revenue growth in local currencie...
28 July 2016
In this update, we look at what happened at retailers across the region in the second quarter of 2016, including results, format development, and new market entries. Mixed bag of results to date In Brazil, there seems to be no stopping Assaí as the atacarejo format reported 37.6% sales growth year-on-year for Q2. Proximity growth was also double digit for GPA Casino's e-commerce...
28 July 2016
Portugal-based Jerónimo Martins has said consolidated sales rose 4.7%, in Euro terms and by 9.1% at constant exchange rates, to €6.96 bn, with its Poland-based Biedronka chain driving results. Strength at Biedronka, growth across all divisions Despite calling out Biedronka, Jerónimo Martins saw an improvement in performance across all its retail divisions. In Poland, total sales, in local c...
01 June 2016
Grupo Éxito has reported what it calls a solid performance across most of its markets for the quarter ended 31 March. Colombia: discount and premium stand out Total sales in Colombia were up 7.4%, with discount and premium segments reporting the strongest performance amongst positive progression for all banners. For discount, the acquisition of Super Inter has brought new expertise in ...