Latin America News & Analysis

07 September 2020
Grupo Nós, a joint venture between Raízen (one of Brazil’s largest energy companies) and FEMSA Commercial (owner of the OXXO convenience chain), has announced plans to open 500 OXXO stores in Brazil over the next three years. This will create a more competitive landscape in the market, particularly in the south east region.   FEMSA joint venture with Raízen Raízen, a Shell brand licensee, i...
27 August 2020
Hirota is a Brazilian grocer with more than 40 stores in São Paulo, between supermarkets and convenience stores. In response to the pandemic, and to support vulnerable sections of society, the business has begun to open fully autonomous micro convenience stores, built in common areas of condominiums.   Following on from our recent article on the new proposition ( here ), we caught up with ...
18 August 2020
Mexican start-up Jüsto (Fair) was launched in July 2019 as Mexico’s first 100% online supermarket. Over the next 10 years it aims to become one of Latin America’s favourite supermarkets. It believes it can do this by employing the best talent and developing technology, which will allow it to compete with the largest retailers. “We are looking to revolutionise the industry… with a better qua...
31 July 2020
Jerónimo Martins revealed a mixed Q2 performance with an overall decrease in sales. Biedronka displayed a strong sales performance whereas, Ara’s expansion plans were impacted from the pandemic’s mandatory restrictions in Colombia.   Sales performance Jerónimo Martins’ consolidated sales decreased by 1.3% to €4.6bn with like-for-like (LFL) performance of -0.7%, in Q2 2020. Group EBITDA decr...
30 July 2020
France-based Casino reported consolidated net sales up by 10.4% (same-store basis) in Q2 driven by strong demand across France and Latin America due to the COVID-19 pandemic. However, the group saw a net loss of €87 m during the first half of the year, mainly due to increased costs.   France: same store sales growth +6.0% driven by convenience and supermarkets Total net sales decreased by 5...
30 July 2020
Carrefour reported Q2 results as like-for-like (LFL) sales increased by 6.3%. The strong results were driven by the good performance and omnichannel strategy in most markets including Spain, Belgium and Brazil. Q2: atypical activity due to COVID-19, convenience +19.0% LFL The multi format and omnichannel model confirmed its resilience and adaptation to the various shopper needs during the d...
23 July 2020
DIA reported a 14.9% growth in like-for-like (LFL) sales in Q2 at a group level, while it was also able to report LFL growth in all its markets for the first time since Q4 2016. In Brazil LFL sales grew 14.7%. Net sales in Brazil were up 20% in local currency, but this was outweighed by a 28% devaluation of the Brazilian Real during the period. The strong results were despite DIA having sign...
09 July 2020
Asda is partnering with Uber Eats to offer grocery delivery in 30 minutes. Meanwhile, Uber is also launching an on-demand delivery service in Latin America and Canada. Asda trial Asda is launching a trial with Uber Eats from its stores in Leeds (Pudsey) and Birmingham (Barnes Hill). Customers will be able to order, with no minimum spend, from more than 300 own-brand products and branded ...
08 July 2020
Hirota, a Brazilian supermarket chain with around 35 stores in São Paulo, is opening micro stores (of between 15 and 30 sq. m) in adapted shipping containers. They are being opened in common areas of residential condominiums and are aimed at supporting communities by enabling them to buy groceries on their doorstep during the Covid-19 pandemic. "With the pandemic, we realised that many did ...
30 June 2020
Brazil has become the first country to enable consumers to send and receive money through the (Facebook-owned) WhatsApp messenger app. WhatsApp has over 120m users in Brazil who can now use it to send and receive money between friends and family, to make purchases or pay local businesses without leaving the app. Payments made using Facebook Pay The payment is made in WhatsApp, but uses th...