Portuguese retail group Jerónimo Martins, owner of Colombia-based discount chain Ara, recently announced its 2019 results and detailed plans to open 130 new Ara stores in 2020. The business launched in Colombia just seven years ago and closed 2019 with 616 stores, with 85 (84 net) openings in 2019. Source: IGD Research Ara delivers solid 2019 results Ara reported total revenue of ...

Across the world companies are increasing their collaboration to help fight the pandemic and tackle product shortages. Global spirit manufacturers Diageo, Anheuser-Busch and Pernod Ricard are helping with the production of hand sanitisers. Diageo to enable the production of eight million bottles of hand sanitiser Distiller Diageo has pledged to make available 2 million liters of Grain Neutr...

Mexican business FEMSA, which owns the OXXO convenience store chain, has reported sales of MXN184.8 bn (US$8.4 bn) for 2019 for its proximity division (it also owns health stores and gas stations). This figure, which includes all its proximity stores in Mexico, Colombia, Chile and Peru, represents a 10.4% year-on-year (YoY) increase. Same-store-sales (SSS) rose by an average of 5%, which was d...