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Tambo + has primarily driven the recent expansion of modern retail in Peru. Part of the Lindcorp Group, Tambo + opened its first store in 2015 and quickly reached 100 in just over a year. During its first year of operation it announced an ambitious aim to open 600 stores over six years. In January 2020 Tambo + opened its 400th store, in line to achieve this target in 2021.

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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. Pl...
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...

Presentations

06/01/2020
We review the five key trends set to shape the Latin American grocery market over the next 12 months and beyond.
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.
View all presentations

Key presentation

We review the five key trends set to shape the Latin American grocery market over the next 12 months and beyond.

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