Latin America News & Analysis

24 January 2020
GPA has reported gross revenue of BRL59.1bn (US$14.2bn) for 2019, representing solid growth of 10.3%. In this article we explore five key themes underpinning its performance. 1. Atacarejo continues to drive solid growth GPA’s atacarejo (cash and carry) banner Assaí continues to be the business’s highest performing subsidiary. Assaí’s gross revenue reached BRL30.4bn (US$7.3bn) in 2019, repre...
20 January 2020
Following on from our article on Colombian retailer Justo & Bueno entering Chile ( found here ), we will look further at what this could mean for Chile’s grocery market.  Modern grocery retail in Chile is currently dominated by a handful of key retailers and, for now, the dominant store channel is supermarkets. However, modern (and traditional) retailers should be concerned about Justo & B...
15 January 2020
Justo & Bueno was launched in Bogotá, Colombia in February 2016 and in December 2019 celebrated opening its 1,000 th store in the market. The business is set to enter Chile in 2020, which will be its third market in Latin America. It also operates around 100 stores in Panama, where it continues to expand its presence. Source: Dinero.com Background to Justo & Bueno In 2009 Michel ...
06 January 2020
Over the last decade the discount channel has seen exponential growth in Colombia. The channel is dominated by three retailers; D1, Ara (owned by Portugal-based Jerónimo Martins) and Justo & Bueno. Together the three retailers operate over 2,800 stores. In recent years the channel has become increasingly competitive as Ara and Justo & Bueno have quickened the pace of their openings. Combined...
17 December 2019
Following our visits to over 1,000 food retail stores in over 45 different countries, we’ve picked some of the best to be on your must-see list in 2020. Global sweep Our pick of stores includes locations in Europe, Asia and North America, along with Africa and Latin America. Both global and national retailers are featured, in addition to smaller, local operators. Among the leading retailers...
10 December 2019
In June 2019, private equity business Advent International acquired an 80% stake in Walmart’s Brazil operations. Walmart maintains a 20% stake in the business, which has been renamed Grupo BIG. In early 2019 it announced its plans to invest BRL1.2bn (US$287m) into modernising and expanding stores over its first 18 months. For more information on the acquisition see our article . Rebrand...
05 December 2019
Cencosud has reported supermarket revenue of CLP1,670.3 tr (US$2.1 bn) in Q3. In local currency this represents a 0.6% increase. The slight growth was driven by revenues in Argentina, Chile and Colombia, but partially offset by Brazil and Peru. In constant currency, revenues increased by 6.9%. This reflects the depreciation of the Argentine peso and Colombian peso against the Chilean peso. Pl...
26 November 2019
A new law is currently under review in Argentina, which, if passed, will regulate the grocery retail market, with the aim of better promoting competition. The ‘Law of Gondolas’ has been approved by Argentina’s Chamber of Deputies and has now been passed to the Senate for final approval. The law consists of several conditions aimed at making promotional space on gondola’s more equal. This wil...
19 November 2019
Colombian retailer Grupo Éxito, part of the Casino Group, has posted its strongest sales performance of the last three years. In Q3 its net sales reached COP2.67tn (US$779.9m), a quarterly growth of 5.6% (vs. 3.4% in Q2 and 0.6% in Q3 2018). This is the business’s seventh consecutive quarter of net sales and same-store-sales (SSS) growth. SSS grew by 5.8% in Q3, up from 3.6% in the previous ...
12 November 2019
In the first nine months of 2019 DIA closed 757 underperforming stores across the group. Most of these closures were in Brazil (313) and Spain (374). In Brazil closures consisted of 44 DIA owned stores and 269 franchised sites. In 2019 DIA has embarked on a large-scale de-franchising process to improve the quality of its franchisee network. At the start of the year franchises accounted for 5...