Cencosud news

19 June 2013
Chilean retailer Cencosud and Brazilian bank Itaú Unibanco Holding have signed an agreement to boost their financial retail businesses in Argentina and Chile. Agreement focuses on credit card businesses Itaú acquires a 51% stake in Cencosud's credit card operator, via its own subsidiaries, for USD307m. It will also finance the credit card portfolio in both countries. The agreement, yet ...
31 May 2013
Chilean retailer Cencosud has reported 14% revenue growth (year-on-year, in peso terms) for the first quarter of 2013, with highlights being the consolidation of supermarkets in Colombia and positive same store sales in almost every country and division. Strong performance across all divisions in Chile Consumer confidence remained strong in Chile, according to economic data, with the pos...
28 May 2013
Grupo Wong, Cencosud's Peruvian business, has reported online sales up 15% for the period January to March 2013. Launches click & collect Grupo Wong is also launching click & collect , allowing customers to order by phone or online and collect in a store of their choice. It is operating in seven locations. Grupo Wong says it is the first retailer in Peru to introduce this service. ...
04 March 2013
Leading Chilean retailer Cencosud has reported consolidated revenue growth of 20% for the full year 2012, mainly driven by over 150 new stores. Double-digit increase in operating profit The new stores included 31 supermarkets acquired from Prezunic and 39 department stores from Johnson.  Along with one month's worth of consolidation in Colombian supermarkets, and positive same store sales ...
20 February 2013
Chilean retailer Cencosud is to invest USD731m in 2013, across its five Latin American markets.  Organic expansion across the region The investment will be broken down as follows: Chile - USD242m, the largest proportion of investment, will go towards 17 new supermarkets and various non-food stores Brazil - USD116m will include 15 supermarkets Peru - USD80m, including ...
05 February 2013
The Argentine government has reached an agreement with the country's largest retailers to freeze prices for two months.  Freeze to last until 1 April Members of the United Supermarkets Association (ASU) have agreed to keep prices unchanged until 1 April, following a meeting with Argentina's domestic trade secretary, Guillermo Moreno.  The agreement has been backdated to take effect as o...