Cencosud news

24 August 2016
There's been an explosion of interest from the country's leading retailers in this area over recent years, with Carrefour and DIA both having expanded apace. Cencosud is the latest retailer to identify this opportunity, this week unveiling plans to open eight Jumbo proximity stores before the end of the year. This also sits alongside a thriving independent scene and a well-developed food-to-go ...
24 August 2016
Cencosud plans to open eight Jumbo proximity stores before the end of 2016. Concentrating on Buenos Aires Following a test period with a store in the city's north-eastern district of Retiro, the retailer is looking for more locations in the Capital and Gran Buenos Aires districts to open proximity stores. The projects are part of an investment of ARS600m (USD40m) this year; stores will be ...
28 July 2016
In this update, we look at what happened at retailers across the region in the second quarter of 2016, including results, format development, and new market entries. Mixed bag of results to date In Brazil, there seems to be no stopping Assaí as the atacarejo format reported 37.6% sales growth year-on-year for Q2. Proximity growth was also double digit for GPA Casino's e-commerce...
26 May 2016
Cencosud has called the first quarter of 2016 resilient, reporting revenue and same store sales growth across the region with the exception of Brazil. "Strong performance despite downturn in consumption" Supermarket sales were affected by currency devaluation in Argentina, Brazil and Colombia, falling 8.8% compared to Q1 2015. Improving store profitability remains a high priority and Cen...
12 May 2016
In the first of a two part series, we look at how leading retailers are targeting convenience and proximity growth in Latin America.  Next week we look at how those with specifically value-focused proximity formats - namely DIA, Walmart and Jerónimo Martins - are driving growth, while this week we look at how leading supermarket retailers - and OXXO - are targeting growth: Favourable growth dr...
20 April 2016
In this update, we look at what happened at retailers across the region in the first quarter of 2016, including results, expansion plans, new formats and restructuring. Good start to 2016 Grupo Éxito's growth accelerated, powered mainly by Colombia's positive economic environment. We look at how it plans to grow For Carrefour , like-for-like sales were up 9.9% in Brazil and ...
13 April 2016
With Cencosud now having released trading performance for all of 2015, we share our outlook for the retailer. A year of solid progress for Cencosud The 2015 performance brought a lot of encouragement. At a group level, sales grew by a modest 2.6% to reach CLP10,991bn (USD15.9bn), but this figure alone understates the progress made in the year, with strong profits growth (operating income gr...
11 April 2016
Cencosud has opened a new Jumbo proximity store concept in Buenos Aires, Argentina. First Jumbo under 300 sq. m Located in an area with a high population density, on calle Arenales 870, the retailer has invested ARS12m (c.USD829,182) in the 270 sq. m store. It focuses on fresh products and meal solutions. Model will be rolled out Matías Videla, general manager of Jumbo Argentina,...
31 March 2016
Industry body ABRAS has revealed the much anticipated rankings of total sales for 2015. Here’s what we took from them. 1. A tough market as shoppers switch to atacarejo Sales volumes at supermarkets and hypermarkets dipped by just over 1% in 2015, following a sustained period of growth since 2003. By contrast, the growth impetus in atacarejo strengthened, with sales volumes showing double-...
04 February 2016
Latin American powerhouse Cencosud plans to invest USD2.5bn over 2016 - 2019. Increasing efficiencies, enhancing its omnichannel strategy, and remodelling stores all featured as part of a future focused plan announced this week.  Increasing efficiencies to boost profitability Cencosud began working on improving infrastructure, IT and logistics in 2015 as it seeks to generate savings and ...