Latin America News & Analysis

Speaking to the trade press, Carrefour France's executive director Noel Prioux has said that investments in people and in renovating stores have driven improved performance in recent months. 'October and November are good' Mr Prioux said more than half the hypermarket estate has been revamped in 2013, with the remainder to be completed next year. Investments have also been made in aroun...

Peruvian grocery retailer Supermercados Peruanos has revealed a more modern logo for its Plaza Vea hypermarkets. Fresh, innovative and modern image The red and yellow colours from the original logo on the left remain, but the shopping bag has been removed. The strapline has also been changed, from 'everything costs less' (todo cuesta menos) to 'save more, enjoy more' (ahorra más, disf...

.style1 { text-align: center; } At IGD, we keep a close eye on innovations in the food and consumer goods industry around the world. Brazil is one of the world's largest grocery markets, worth over $360bn. With a population of 200 million, this is a country with huge potential. Here are some innovations that we've seen in Brazil, which are trying to capture consumers' attention in this dy...

At the retailer’s 2013 investor day, Portugal-based Jerónimo Martins has set out its vision for what the company will look like in 2016, saying the Biedronka will remain its engine for growth, while it will continue to enhance value in Portugal and expand in its new market of Colombia. Retailer sets out annual sales growth targets Jerónimo Martins said that it was expecting annual sales growt...

Cencosud has reported a 14% rise in revenue, in Chilean peso terms, for the third quarter of 2013, driven by supermarkets and a good performance in Chile and Argentina, but a fall in net profit. Positive revenue growth across region All divisions posted positive growth in revenue and Cencosud opened a net 11 stores across its operating markets. It pulled out Argentina as a highlight of ...

Walmart reported international sales growth of 0.2% for Q3 last week. We take a closer look at its performance in Latin America. Central America outperforming Mexico Consolidated net sales increased by 2.2%, led by Central America where sales were up 4.8%. In Mexico, sales were up 1.7% over last year, but the economic slowdown affected comparable store sales which were down 2.8%. Walmex's ...

Chile-based multi-format retailer Falabella has announced third quarter sales saying that consolidated sales rose by 13.1% to CLP1.6 trillion (US$3.1 billion). Revenue growth aided by store growth The retailer noted that its performance was aided by the additional sales area added over the last twelve months, which included the acquisition of home improvement chain Construdecor in Brazil, and...

Walmart’s Q3 results reveal continued weakness in its core US stores with total sales up 2.4%, and comp store sales, a key benchmark indicator, down 0.3%, in line with the previous quarter. Total and comp store sales at Sam’s Club were up 1.1%, while internationally, sales growth remains tough, up 0.2% in the quarter. However, all business units grew operating income ahead of sales. Tota...

Brazilian drugstore operator, RaiaDrogasil has reported an increase in gross revenues of 15.9%, with same store sales growth of 9.9%. Costs increase at drugstore operator General and administrative expenses increased by 18% and sales expenses increased by 21% versus the same period last year. The rise in costs was partly attributed to payroll inflation, logistics costs and social charges...

Costco has launched its e-commerce site in Mexico, offering 3,800 products, the majority - 80% - of which are only available online. Extend reach into new cities and gauge demand Costco has 34 stores in 19 Mexican states and hopes the site will not only reach new locations. It also hopes to determine, via the levels of demand for online shopping, which areas it should be looking to move ...