Cencosud news

02 February 2015
Leading Chilean retailer Cencosud plans to invest up to USD3bn over 2015 - 2018. Commitment to maintaining leading market positions The plan for the current year makes provision for investment of USD545m. Nearly 60% of the USD2.4bn - USD3bn to be invested over the four years will go towards organic growth and store remodelling. The longer-term plan is designed to strike a balance between ma...
26 November 2014
As Black Friday approaches, we take a look at how some retailers in Brazil are preparing for the day. Walmart turns up the heat As would be expected, Walmart Brazil is strongly focusing on Black Friday. It will offer discounts of between 40% and 70% on more than 500 products, from the traditional electronics category, to beverages, homewares and health & beauty. According to Patricia Alves ...
18 November 2014
The CEO of Cencosud, Daniel Rodríguez Cofré, resigned on 13 November and is to take up a new role in January at Mexico-based FEMSA. Cencosud in consolidation phase Jaime Soler Bottinelli, who has been at Cencosud since 2005, will take over as CEO on 1 January 2015. He became head of the corporate retail division in February 2014, which was created to enable better working between divisions ...
30 October 2014
We look at how retailers across Latin America have fared since the end of July, including latest channel trends, financial performance and other developments. Tough conditions, but leading retailers performing well In their third quarters, Carrefour continued its strong performances in Latin America, while GPA had to face some tough comparatives against the same period a year ea...
23 October 2014
Brazilian shoppers are looking for deals again, as the tough economic conditions continue, and are seeking more promotions to add excitement to their shopping trip. In such a promotional environment, creating and retaining customer loyalty becomes even more important. We look at four ways in which retailers in Brazil are building relationships. 1. Cultivating the multichannel shopper GPA's...
08 September 2014
Chile-based Cencosud has announced second quarter results saying that revenue rose 5.4% – to CLP2.586 trillion (US$4.4 billion) – in its second quarter ‘as a result of higher revenues from all the business divisions’. The retailer said that its supermarket division had been boosted by the timing of Easter, which occurred in Q2 in 2014, but Q1 in 2013. Growth in most markets… At the retailer...
28 May 2014
Cencosud has reported a 3% increase in revenues for the first quarter of 2014, driven by increased revenues from the supermarket, home improvement and department store businesses. Currency and Easter affect revenue growth Revenue growth for the period, which ended on 31 March, was affected by the deprecation of the Argentine peso against its Chilean counterpart, and the different timing of ...
12 May 2014
We bring you two seasonal innovations from Brazil to whet your appetite for the upcoming summer season. Keep track of your children on the beach Nivea's 'Anúncio Protetor' consists of a detachable strip on a Nivea magazine advertisement. Parents put this strip on their child's wrist and use their phone to set the distance they want to allow the child to roam. When the child exceeds this di...
31 March 2014
Cencosud has reported an 11% increase in net revenues for the fourth quarter of 2013, and 13% growth for the twelve months ended 31 December. Supermarket revenues in Q4 were up 10.4%, driven by the consolidation of the Colombian supermarket division, a net 34 new stores and positive same store sales in Chile and Argentina. Improvement in Chile Same store sales at supermarkets continued...
17 March 2014
You'll hear a lot about Brazil over the next couple of years, as the nation gets ready to host two of the biggest sporting events in the world: the 2014 World Cup and the Olympic Games in 2016. It's also an election year, with President Dilma Rousseff seeking another term in office this October. These factors, combined with economic improvements over recent years, are making it a growing focus fo...