Falabella news

Chilean retail group Falabella aims to open 11 new supermarkets in 2021. This will consist of four Tottus stores in Chile and seven supermarkets in Peru, across its Tottus and Hiperbodega banners. The business will also invest US$243m in optimising its store network, which spans across supermarkets, shopping centres, and home improvement stores. Heavy investment in 2021 Falabella’s CEO G...

Falabella’s overall revenues for Q1 2017 have risen to COP2.1trn (USD3,211 bn) which is 3.8% rise on Q1 2016. This was mainly driven by the non-food categories of the business. Decline in sales due to difficult economic conditions Despite an increase in supermarket performance revenues and sales area, same store sales fell by -2.0% in Chile and -1.8% in Peru. There was also a slowdown from ...

We share the latest, biggest, stories in Latin American grocery retail. 1. Assaí: annual sales growth close to 50% Ahead of GPA releasing fuller sales data, CEO Belmiro Gomes has spoken in a media interview about the strength of performance at Assaí, its atacerejo, cash & carry style format which is now the single biggest grocery format for the retailer. The 13 stores opened last year took t...

Peru is often overlooked among the market opportunities in Latin America. However, with over 30m consumers, rising GDP and a relatively stable political and economic outlook, there are many reasons to look more closely at Peru as a land of opportunity. Economic fundamentals supporting grocery market growth While income - and spend levels - per capita in Peru remain below those of neighbourin...

In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...

Latest UN population forecasts show Latin America urbanising at a faster rate than anywhere else on earth, with 89% of the population set to live in urban areas by 2050. This is accelerating the focus on its cities, posing infrastructural challenges alongside expanded opportunities. What's a megacity and why is it important? Megacities, and others that are just below the megacity thresho...

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...

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 ...

Latin American retail group Falabella opened 23 new stores in 2015, contributing to a 6.6% growth in consolidated revenue in Q4. Full year revenues were up 10.4%. Plans to continue expanding in 2016 Falabella opened seven Tottus supermarkets during Q4, four in Chile and three in Peru. The retailer also began to offer Tesco private label, as we have seen in-store (below), and will conti...

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...