Cencosud news

19 January 2016
In this update, we look at what happened at retailers across the region in the fourth quarter of 2015, including expansion, refocusing, and quarterly results. Expansion to continue in 2016 Soriana and La Comer agreed to the conditions imposed upon them by the competition authorities in Mexico, in relation to the acquisition of La Comer stores Falabella announced its 2016-19...
17 December 2015
We look at how leading global and regional retailers are targeting expansion in this benchmark Latin American market. Chile in context: Nestling against the Pacific, the country clings to the edge of the continent, and looks perhaps towards Europe and North America more than other Latin American markets for inspiration. Economically, it's in a more robust position than most Latin Am...
09 November 2015
Cencosud is looking at bringing forward the IPO of its shopping centre division, as it seeks to reduce debt and increase profits. IPO set for mid-2016 Cencosud approved the preparation of a potential IPO in its shopping centre business, involving activities including hiring consultants and preparing information for investors, last year. Cencosud would retain a majority stake. According ...
05 November 2015
As Cencosud considers further diversification, studying a joint venture with Scotiabank to develop a credit card business in three of its markets, we look at three reasons why Cencosud is one to watch in Latin America.   1. Leading position in the region Cencosud is one of the largest retail conglomerates in Latin America and is present in five markets: Chile, Argentina, Brazil, Colombia ...
20 October 2015
In this update, we look at what's been happening at retailers across the region in the third quarter of 2015, including expansion, restructuring, loyalty scheme developments and in-store activity with suppliers. Mixed results, with Brazil proving a tough market Carrefour said its increasingly multi-format strategy in Brazil drives positive growth, with like-for-like sales up 7.4% i...
03 September 2015
As Cencosud reduces the value of its assets in Brazil, as a result of deterioration in market and macroeconomic conditions, we look at how other retailers are faring in the market. Cencosud committed to Brazil despite difficulties Cencosud made the announcement as part of its second quarter results presentation, during which it revealed that revenue and supermarket same store sales dec...
20 July 2015
In this update, we look at what's been happening at retailers across the region in the second quarter of 2015, including new private label ranges, omnichannel developments and second quarter results. Q2 results reveal strong performances Carrefour's second quarter results once again revealed the strength of its Latin American operations. Like-for-like sales were up 7% in Brazil, wh...
27 April 2015
In this update, we look at developments from retailers across the region in the first quarter of 2015, including a good start to the year for many retailers, the unveiling of new strategic and investment plans, and initiatives to reward loyalty and help lower income consumers. Encouraging progress in Q1 results Brazil was one of the markets driving a strong first quarter for Carrefour ...
30 March 2015
Cencosud has reported a revenue increase of 7.0% for Q4 2014, driven by higher sales in all its business divisions. Revenue growth for supermarkets was up 7.7%, driven by 12 new stores in the region and positive same store sales growth across Cencosud's five markets.   Recovery in Chilean economy boosts sales The Chilean economy began to recover in Q4, which no doubt contributed to Cencosud...
17 February 2015
We've launched a new, free, Latin America-focused bulletin. Designed for retailers and suppliers already trading in the region, as well as those keeping a watching brief, it will keep you updated on top retail and FMCG news from Latin America and the latest insight presentations that have been added to Retail Analysis.   If you would like to be added to the mailing list, or you have a...