Cencosud news

23 April 2019
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 ...
06 December 2018
Currency volatility and reduced consumer spend have proved challenging for Chile-based Cencosud, who appointed a new CEO and new regional business leaders during Q3. We dive further into the retailers Q3’s results and its performance in all its markets. The currency depreciation of the Argentine peso and Brazilian real against the Chilean peso have been the biggest contributing factor to an -8...
12 September 2018
Chilean based retailer Cencosud continues to experience challenges in 2018, leading to decreasing revenue. We look at its Q2 results in more detail. This includes each markets performance and how it plans on improving results through delivering a strong omnichannel proposition. Challenging start to the year Cencosud's Q2 results follow the pattern of  Q1 with declining performance due ...
07 June 2018
Chilean-based retailer Cencosud reported a challenging start to 2018 with mixed overall results heavily impacted by currency fluctuations. Adjusted EBITDA grew by 7.0%, while at a group level sales in Chilean Pesos declined by 4.0%. The sales dip in supermarkets was -5.7%, though this contrasted with performance as measured local currency performance, up 5%. The key drivers of stronger profita...
08 March 2018
After three quarters of decline Chilean-based Cencosud saw sales increase by 5.6% in Q4. This put the retailer’s sales performance in positive territory for the year, up 1.2%. We look at the results in more detail and the retailer’s strategy going forwards. Sales driven by non-food Turnover for Cencosud in 2017 was CLP1.96bn (US$3.2bn). The year’s results were driven by a positive Q4, with ...
12 December 2017
Cencosud will invest more into the Peruvian market, targeting the online channel and the expansion of its premium format Wong Gourmet. Targeting a young population online Cencosud is looking to double its sales through its online grocery channel. This is through attracting new shoppers. It is targeting the population aged between 25 and 40. Online is at an early stage of development in Peru...
10 October 2017
Cencosud has seen an improved performance in Q2 2017. This is despite slow economic activity in the region. Here we assess what is happening in each market, and take a closer look at Cencosud’s future focus on e-commerce. Total year on year revenue results • Cencosud overall business +3.2% • Supermarkets overall +1.9% • Argentina +5.0% • Chile +3.9% • Brazil +1.0% • Peru -3.0...
31 August 2017
We look at Cencosud’s second quarter results and its plans to sell off assets due to the challenges it faces in Latin America. Supermarkets: lowest performance of the Group The Cencosud Group’s year on year revenue was CLP 2,586m (US$4.1m) a +3.2% increase. For supermarkets this was CLP1,863m (US$2.9m) a +1.9% year on year. This was the lowest performance of the whole group. Results were...
31 May 2017
As Cencosud’s Q1 results show a challenging start to 2017, we look at its different strategies for each country and its plan to combat the challenging Latin American market. Chile: expanding online Chile saw same store sales of -0.1%. As Cencosud’s most mature market, Chile’s performance is critical to the businesses’ overall success. Chile has high internet penetration and Cencosud is fo...
27 April 2017
Amidst a raft of recent retailer activity, we take a closer look at how the convenience channel is expanding in Chile.  Shopping more frequently for smaller purchases   Walmart and SMU have both spoken about recent changes in shopping habits across Chile, as customers shop with greater frequency, and in smaller stores. This is being driven by changing lifestyles, and follows trends exper...