Cencosud news

08 March 2017
As Cencosud releases trading figures for Q4 2016 that show a slowdown from 2015, we look at performance in its supermarket division across its five Latin American markets. Overall group in Q4: Local level growth offset by currency shifts Chilean retailer Cencosud's fourth quarter revenues fell by 6.5% compared to Q4 2015. While they increased 7.0% at constant exchange rates, there wer...
12 January 2017
We share the latest, biggest, stories in Latin American grocery retail. 1. Assaí: annual sales growth close to 50% Ahead of GPA releasing fuller sales data, CEO Belmiro Gomes has spoken in a media interview about the strength of performance at Assaí, its atacerejo, cash & carry style format which is now the single biggest grocery format for the retailer. The 13 stores opened last year took t...
05 January 2017
Peru is often overlooked among the market opportunities in Latin America. However, with over 30m consumers, rising GDP and a relatively stable political and economic outlook, there are many reasons to look more closely at Peru as a land of opportunity. Economic fundamentals supporting grocery market growth While income - and spend levels - per capita in Peru remain below those of neighbourin...
24 November 2016
Cencosud has reported good strategic progress in key markets across its supermarket business in Q3, though overall performance was impacted by currency depreciation. Here we share our key takeaways. Significant new online initiatives Cencosud continued online grocery expansion across key markets, with Colombia and Argentina singled out for particular focus. Chile is the retailer's most ma...
25 October 2016
In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...
06 October 2016
We round up some of the latest format developments from key players as they look to capture new growth opportunities. 1. Carrefour Maxi (cash and carry), Argentina You can't afford to ignore cash and carry - one of the main growth channels in Argentina. At the moment, the key players are local chains like Vital and Maxiconsumo, but Carrefour is increasing activity. With a small base ...
22 September 2016
Latest UN population forecasts show Latin America urbanising at a faster rate than anywhere else on earth, with 89% of the population set to live in urban areas by 2050. This is accelerating the focus on its cities, posing infrastructural challenges alongside expanded opportunities. What's a megacity and why is it important? Megacities, and others that are just below the megacity thresho...
15 September 2016
Cencosud this week held its latest analyst day in Buenos Aires, where it updated on its priorities across key markets. We took a number of key messages from the session. 1. The economic backdrop is improving in several key markets With more optimism and stability in Peru, the prospect of Brazil coming out of recession getting closer and an improved business landscape in Argentina (for examp...
09 September 2016
Cencosud has converted three supermarkets to the atacarejo format as it tries to turn around its struggling Brazilian business. Growth in cash and carry purchasing by consumers In its second quarter results Cencosud said revenues at Bretas, one of its supermarket businesses, were down 10.7% in local currency terms. It has been working to improve the product mix, but in some cases outl...
26 August 2016
Cencosud has reported improvement in its second quarter results, despite challenges around the economy and decelerating consumption. Revenues in local currency were up across all markets, except Brazil, although currency devaluations affected results in Chilean pesos. Encouraging signs in Brazil despite difficulties Cencosud's supermarket business posted revenue growth in local currencie...