Cencosud news

27 February 2014
Cencosud has created a new corporate retail management team, upon the resignation of its supermarkets division managing director, to further improve profitability and efficiency. Departure of supermarkets division MD According to reports, the team will comprise the managing directors of Cencosud's supermarket operations in each country, as well as those of the DIY and department stores...
23 January 2014
The Argentine government has introduced restrictions on online shopping, as it seeks to stop its reserves of foreign currency falling further, while the Venezuelan government is implementing changes to its foreign currency system.  No more home deliveries Argentine customers buying from websites like eBay and Amazon will no longer have their purchases delivered to their home addresses. ...
10 January 2014
Chilean retailer Cencosud is to invest less in 2014 than it did in 2013, as it works on consolidating its Brazilian and Colombian operations. Does not mean that growth will stop The retailer said investment for 2014 will be around $425m, compared to £731m that was planned for 2013. Speaking to reporters, CEO Daniel Rodriguez said no new acquisitions or debt issues were planned for 2014: ...
05 December 2013
.style1 { text-align: center; } At IGD, we keep a close eye on innovations in the food and consumer goods industry around the world. Brazil is one of the world's largest grocery markets, worth over $360bn. With a population of 200 million, this is a country with huge potential. Here are some innovations that we've seen in Brazil, which are trying to capture consumers' attention in this dy...
19 November 2013
Cencosud has reported a 14% rise in revenue, in Chilean peso terms, for the third quarter of 2013, driven by supermarkets and a good performance in Chile and Argentina, but a fall in net profit. Positive revenue growth across region All divisions posted positive growth in revenue and Cencosud opened a net 11 stores across its operating markets. It pulled out Argentina as a highlight of ...
10 October 2013
Cencosud and Colombia's ministry of commerce, industry and tourism (MinCIT) have signed an agreement to support small businesses in Colombia. More space in-store for Colombian-made products The minister, Sergio Díaz-Granados, said the objective was to ultimately help the small and medium enterprises become suppliers to Cencosud's Jumbo and Metro outlets. The alliance includes workshops for...
19 September 2013
Following Cencosud's recent second quarter results, we look back at the year so far and examine what the rest of 2013 might hold for Chile's leading retailer. "Our story is based on continued growth" Cencosud reported consolidated revenue growth of +20% for the full year 2012 , driven by more than 150 new stores, including the acquisitions of supermarkets from Prezunic and department s...
02 September 2013
Cencosud has reported consolidated revenue growth of 14% for Q2 2013, driven by its Colombian acquisition and higher revenues from the home improvement, department store and shopping centre divisions. Supermarket division revenues up 15% The consolidation of the Carrefour Colombia business, positive same store sales in almost every country and 73 new stores since June 2012 boosted reve...
08 August 2013
The 'SuperCard' credit card has launched in Argentina this week, aimed at boosting business and lowering costs for consumers and retailers. Aim is to lower costs for consumers and retailers Argentina's domestic trade secretary, Guillermo Moreno, met with retailers in March to agree the launch of the SuperCard. It is valid for use in various retailers, including Coto, Carrefour, Jumbo, Dis...
05 August 2013
Latin America's a region of great and diverse natural beauty, vibrant cultures and larger than life personalities - the late Hugo Chavez of Venezuela to name but one. But there's more to it than carnivals and salsa. Here are three reasons why consumer goods companies should keep an eye on the region... 1. Expanding urban populations Ever heard of a megalopolis? It's a city home to more than...