Latin America News & Analysis

30 July 2014
Portugal-based Jerónimo Martins has announced results for the first half of its financial year, with sales rising by 7.2% to €6.1 billion, although held back a contraction in like-for-like sales at its Poland-based Biedronka chain. Declining food prices affect performance Jerónimo Martins said that in its main markets of Portugal and Poland it had seen ‘ a significant decline in food prices...
30 July 2014
We look at how retailers across Latin America have fared in the second quarter, reviewing expansion plans and other news, including some great stores we have seen in the region. Improving sales trends continue in second quarter Walmex achieved net sales growth of nearly 4% for the first half. Investment in e-commerce is ongoing, and Walmex is implementing changes to address problems at...
28 July 2014
Spain-based DIA has announced second quarter results saying that, in Euro terms, gross sales fell by 2.7% to €3.0 billion, affected by the depreciation of the Argentinean peso and the Brazilian real during the year. Sales fall in Iberia In its home market and Portugal, DIA said that gross sales fell by 2.9% in the second quarter to €1.52 billion, affected by like-for-like sales that contrac...
25 July 2014
We report on news from Mexico: first half performance at FEMSA Comercio, operator of Oxxo convenience stores, Soriana and Comercial Mexicana, as well as Círculo K's acquisition. New stores push Oxxo forwards Oxxo's prolific store opening rate once again contributed to a strong increase in sales. The convenience retailer opened a net 348 new stores in Q2, to reach 1,189 net over the past yea...
24 July 2014
Walmex has reported net sales growth of 3.8% for the first half of 2014, and sales growth of 5.6% for the second quarter. Economic challenges continue in Mexico Walmex's results were achieved against an ongoing weak economy in Mexico, and a very promotional environment in summer. The timing of Easter provided a favourable calendar effect, and although the World Cup brought benefits such as ...
23 July 2014
Éxito has reported a 5.4% increase in operating revenues for the first half of 2014, driven by factors including performance of its omnichannel strategy. Operating profit for the half year was up 8.2%, with an EBITDA increase of nearly 5%. Giving customers choice pays off for Éxito  During the half, the retailer added five new bricks and mortar stores, to reach 474 in Colombia and 54 in Ur...
22 July 2014
Our team of analysts travel around the world, seeking out the latest in FMCG retail innovation. We have selected some of our favourites from the stores we visited in the first half of 2014. HyperCITY, Mumbai, India Selected by Nick Miles, Asia-Pacific Region Manager One of the most innovative modern trade retailers in India, HyperCITY is pushing the boundaries of format development. Pr...
16 July 2014
France-based Casino has announced second quarter results saying that it had benefited from organic sales growth of 6.5%, with total group sales reaching €11.9 billion, driven by the performance of its international operations. France: improvement at Géant hypermarkets aids second quarter Casino highlighted the progress it was making in its home market. Although organic sales contracted by 0...
16 July 2014
CVS Caremark has acquired Miami-based Navarro Discount Pharmacy chain, the largest Hispanic-owned drugstore chain in the U.S. Stores to remain under Navarro Discount banner The transaction, which is subject to regulatory approvals, includes Navarro’s 33 retail drugstore locations and Navarro Health services, a speciality pharmacy serving. The financial terms of the agreement were not disclo...
14 July 2014
Casino-owned, Brazil-based GPA has announced second quarter net sales rose by 13.4% to BRL15.2 billion (USD6.8 billion), aided by a positive calendar impact, continuing high inflation in the country and the addition of 116 new stores in the last year. Food outperforms for GPA GPA said that while net sales for the total business rose by 13.4%, they were up by 14.5% at its food businesses, Mu...