Latin America News & Analysis

IGD has been at Walmart’s Shareholders’ events in Bentonville this week, meeting with the senior leadership and visiting the retailers’ latest store concepts. This provided us with a great opportunity to see how Walmart is evolving its offer in response to key retail trends. Re-inventing the hypermarket with new technologies Technology products have been at the heart of Walmart’s aim to r...

Casino has revealed the name of its new ecommerce pure player company - Cnova - and announced a new partnership in Africa, with a view to developing an e-commerce platform. Cnova will be present in five markets Casino announced this move in early May, signalling its increased focus on e-commerce as a key part of its business. The board of directors of Casino, CBD, ViaVarejo and Éxito have ...

From our recent trip to Mexico City, we bring you the best bakery merchandising we've seen, including examples from Soriana, Walmex, Chedraui and Comercial Mexicana.   Soriana Hiper and Selecto Chedraui: traditional style Wooden fixtures at this hypermarket from Soriana, in Colonia del Valle, give the appearance of a traditional bakery, while premium-focused format Selecto Chedraui achieves...

Walmart has promoted Shelley Broader to the role of executive vice president, president and CEO of Walmart EMEA, with responsibilities for the retailer’s operations and business development in Europe, the Middle East, Sub-Saharan Africa and Canada. One of Walmart’s three key international leads Ms. Broader had previously held the role of president and CEO of Walmart Canada since September ...

Walmex has announced plans to invest MXN1.069m (USD83m) in new stores and extending a distribution centre in the state of Estado de México. In addition, the retailer will enter five new locations with its discount format Bodega Aurrera. Opportunities for local suppliers Antonio Ocaranza, Walmex's corporate communications director, highlighted the positive effect expansion would have, in in...

Costco’s third quarter revenue increased by 7.1% to $25.8bn, with comparable store sales (ex-fuel and currency impacts) up 6%. Net income attributable to Costco increased by 3.1% to $473m. Food categories deliver solid performance These results reveal an improving performance versus the previous quarter, although they continue to be negatively impacted by exchange rate movements. Food ca...

Cencosud has reported a 3% increase in revenues for the first quarter of 2014, driven by increased revenues from the supermarket, home improvement and department store businesses. Currency and Easter affect revenue growth Revenue growth for the period, which ended on 31 March, was affected by the deprecation of the Argentine peso against its Chilean counterpart, and the different timing of ...

From our recent trip to Mexico City, we bring you the most impactful, attractive and innovative fresh produce merchandising we've seen, including examples from Walmex, Chedraui and Soriana.   Walmart Santa Fe: showing quality of ranges This Walmart Supercenter is located in a more affluent area of Mexico City and ranges have been tailored accordingly. Bright colour blocking, colourful signa...

Following the appointment of Carlo Solari as president of Falabella, there have been further management changes at the retail group. Changes in Argentina and Chile Juan Carlos Cortés replaced Carlo Solari as vicepresident, while Gonzalo Somoza has taken over as corporate general manager at Falabella Retail, replacing Juan Pablo Montero. As of 1 June, Juan Luis Mingo, currently country manag...

Walmart has reported international sales up 1.4%. We look at performance in Latin American markets Brazil and Mexico. Walmex: focus is on improving Sam's Club Walmex reported comp sales down 2.6% for the quarter and net sales up 1.5%. The sale of the Vips restaurant business in Mexico closed on 9 May and the results are presented as discontinued in Q1. Sam's Club, which accounts for around...