Latin America News & Analysis

16 August 2022
Last month, Walmart announced it had lowered its projected sales for Q2 and the rest of 2022 . Net sales were expected to be up by around 7.5% for the quarter, with US comp store sales expected to be up around 6%, but itsQ2 results surpassed its expectations. However, its gross profit continues to face pressure from higher-than-usual levels of mark down activity, which it has employed to cl...
12 August 2022
Following on from our recent article, ‘Economic pressures paving the way for private label growth in Latin America’ , we take a closer look at three countries and how the leading retailers are gaining share from the major FMCG brands. Brazil has seen the highest growth in private label sales penetration Brazil is facing some of the toughest economic pressures in the region. Unemployment ...
05 August 2022
In Latin America, the sales penetration of private label is well behind the levels seen in more developed regions, e.g. Europe and North America. But, in recent years this has started to change.    High inflation, coupled with the highest unemployment levels witnessed in over 30 years has weakened the purchasing power of many Latin Americans. As a result, people have had to reduce their spend ...
29 July 2022
Casino Group has reported positive sales growth in Q2 to record a turnover of €15.9 bn in H1 2022, up 9.8% against H1 2021. Trading profit however has fallen 13.4%, to €380m in H1 2022. France: Convenience drives the recovery as tourism returns Net sales in French retail for H1 2022 saw a 1% increase YoY, as it reported sales of €6,935m. The retailer will be buoyed by a return to sales grow...
22 July 2022
Last month (June 2022), Carrefour, Brazil’s leading grocery retailer, completed its acquisition of the countries’ third largest (Grupo BIG). This cemented Carrefour’s place as Brazil’s market leading grocer, with a market share close to 25%. Following my recent article ‘Carrefour consolidates its leadership in Brazil’ , I now explore some of the challenges and opportunities the acquisition ...
08 July 2022
This Tuesday (5 July), FEMSA, a Mexican Coca-Cola bottler and convenience store operator, announced its all-cash offer to acquire Swiss convenience and foodservice retailer Valora. The deal is subject to regulatory approval, but if approved, FEMSA has agreed to purchase all the publicly held shares of Valora Holding AG for 260 Swiss francs per share, totaling CHF1.1 bn (€1.1 billion). It expect...
30 June 2022
In March 2021, Carrefour Brazil reached an agreement to acquire Grupo BIG from Advent International and Walmart, subject to approval from Brazil’s antitrust watchdog CADE (The Administrative Council for Economic Defense). This was approved on 25 May 2022, subject to Carrefour disposing of 14 stores in anti-competitive locations. Earlier this month (7 June) the acquisition was finalised. It...
21 June 2022
Our latest research reveals that Walmart’s revenue is set to reach almost $750 bn by 2027. Between 2021 and 2027 it is expected to grow by 4.7% on a CAGR basis, reaching $747.6 bn. $180 bn growth opportunity Our new report Strategic outlook for Walmart , reveals that Walmart’s growth will be led by its operations in the USA, India and Mexico. Over recent years the retailer has recast i...
17 June 2022
Carrefour operates over 13,000 stores in nine different markets. The Carrefour group continues to expand its operations and partners to provide quick commerce and food delivery services. Carrefour Brazil revealed it completed the acquisition of Grupo Big in Brazil. Meanwhile, Europe’s leading q-commerce Flink SE purchased Cajoo, who partners with Carrefour to supply its private label and other ex...
10 June 2022
OXXO, a Mexican convenience retailer owned by FEMSA, opened its first store in 1978 and has since accumulated 20,172 stores in Mexico (Q1 2022). Throughout the pandemic, government restrictions on mobility created some of OXXOs toughest trading challenges in its history. The retailer showed impressive agility, quickly adapting its proposition to meet changing consumer needs and to tackle the d...