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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.

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Mexican retailer and Coca Cola bottler FEMSA has announced consolidated revenue growth of 10.2% in Q3. Total revenue growth for its OXXO convenience stores reached 10.1%, with the stores generating sales worth MXN48.4 bn (US$2.5 bn). Sales through its convenience stores account for over a third of FEMSA’s total company sales. Total revenues for its health and fuel divisions were up 26.6% and 1...
Uber has announced its acquisition of Cornershop, a grocery delivery app founded in Santiago, Chile and launched in 2015. An undisclosed fee has been agreed, however the deal is subject to regulatory approval. If it does go ahead the transaction is expected to close early 2020. Cornershop acquisition by Walmart previously rejected Walmex (Walmart Mexico) previously tried to acquire the Corn...
Chile-based Cencosud are one of the top five grocery retailers in Latin America, with operations in Argentina, Brazil, Chile, Peru and Colombia. The business has announced plans to invest US$300m in 2019, of which 50% will be invested into new and remodelled stores. A third will be invested into enhancing its ecommerce business.   Cencosud forecast consolidated revenues of US$15,194m for 2019 ...

Presentations

06/11/2019
We explore the key growth markets for the convenience channel in Latin America. This outlines the conditions shaping its growth in these markets. We also deep-dive into five key themes that will influence future development in the channel.
18/01/2019
We look at five themes, including the growth of discounters and the continued strength of the atacajero format, that are set to shape the region's grocery markets in 2019 and beyond. With case studies from Brazil, Colombia and Mexico, amongst others, and retailers like Carrefour, GPA and Walmart, the presentation highlights the challenges and opportunities the region is expected to provide manufacturers in the short term.
05/01/2018
This in-depth guide to Peru explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.
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Key presentation

This in-depth guide to Peru explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

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