Brazil news and analysis

30 July 2020
France-based Casino reported consolidated net sales up by 10.4% (same-store basis) in Q2 driven by strong demand across France and Latin America due to the COVID-19 pandemic. However, the group saw a net loss of €87 m during the first half of the year, mainly due to increased costs.   France: same store sales growth +6.0% driven by convenience and supermarkets Total net sales decreased by 5...
30 July 2020
Carrefour reported Q2 results as like-for-like (LFL) sales increased by 6.3%. The strong results were driven by the good performance and omnichannel strategy in most markets including Spain, Belgium and Brazil. Q2: atypical activity due to COVID-19, convenience +19.0% LFL The multi format and omnichannel model confirmed its resilience and adaptation to the various shopper needs during the d...
23 July 2020
DIA reported a 14.9% growth in like-for-like (LFL) sales in Q2 at a group level, while it was also able to report LFL growth in all its markets for the first time since Q4 2016. In Brazil LFL sales grew 14.7%. Net sales in Brazil were up 20% in local currency, but this was outweighed by a 28% devaluation of the Brazilian Real during the period. The strong results were despite DIA having sign...
08 July 2020
Hirota, a Brazilian supermarket chain with around 35 stores in São Paulo, is opening micro stores (of between 15 and 30 sq. m) in adapted shipping containers. They are being opened in common areas of residential condominiums and are aimed at supporting communities by enabling them to buy groceries on their doorstep during the Covid-19 pandemic. "With the pandemic, we realised that many did ...
30 June 2020
Brazil has become the first country to enable consumers to send and receive money through the (Facebook-owned) WhatsApp messenger app. WhatsApp has over 120m users in Brazil who can now use it to send and receive money between friends and family, to make purchases or pay local businesses without leaving the app. Payments made using Facebook Pay The payment is made in WhatsApp, but uses th...
04 June 2020
Rapid delivery services have been present in Latin America for around a decade, although the most successful start-ups launched in 2014 and 2015. Through a range of providers customers can order fast-food, restaurant meals, groceries, medicine, and more and have these delivered by courier in under an hour. Evolving region creating opportunity for rapid delivery services Latin America’s ci...
21 May 2020
Brazilian retailer GPA (part of the French retail group Casino) has reported gross revenue of BRL15.9 bn (US$2.8 bn) for Q1 2020. This represents a significant increase of 15% year-on-year (YOY). Its strong performance is largely driven by the maturation of cash and carry stores opened over the last 24 months, combined with a positive sales uplifts from optimising its core estate. Core estat...
01 May 2020
Less than a year after closing its online operations in Brazil, DIA has partnered with online food deliverer iFood to reintroduce a delivery service in the country. Similarly, in Argentina it has partnered with Pedidos Ya (Order Now) and Glovo, to cope with overwhelming demand for deliveries as a result of the lockdown. Latest DIA store design in São Paulo, Brazil Source: IGD Resea...
30 April 2020
Carrefour reported first quarter sales, with like-for-like (LFL) sales rising 7.8%. Although the performance benefited from ‘ precautionary purchases in March ’, driven by the coronavirus (COVID-19) pandemic and lockdown conditions in its European operations, the retailer enjoyed ‘ a solid performance in January and February ’. Quarter, especially March, affected by impact of coronavirus Ca...
09 March 2020
Eroski announced it launched over 50 franchised stores under several banners, including Eroski City and Eroski Center. Meanwhile, DIA Brazil appointed a new CEO to lead the restructuring process in the country. Separately, Consum has revealed growth for its Charter franchise, generating revenue of €320m in 2019. Eroski opens over 50 franchised stores in 2019 Eroski has revealed it launched ...