Latin America News & Analysis

23 January 2014
The Argentine government has introduced restrictions on online shopping, as it seeks to stop its reserves of foreign currency falling further, while the Venezuelan government is implementing changes to its foreign currency system.  No more home deliveries Argentine customers buying from websites like eBay and Amazon will no longer have their purchases delivered to their home addresses. ...
21 January 2014
Mexico's Controladora Comercial Mexicana (Comerci) has confirmed that it will hold talks with any groups, Mexican or international, interested in acquiring or partnering with the retailer. Discussions are at an early stage Comerci issued a statement after reports in a Mexican newspaper said it was looking at a possible sale. It has confirmed that discussions are at a preliminary stage...
16 January 2014
Carrefour has reported 2013 sales of €84.3bn, an organic growth rate of +2.5% (excluding petrol and calendar effect), with continued momentum internationally and rebounding growth in France. 'Resilient' sales in Europe Carrefour reported a second consecutive quarter of sales growth in France, +1.7% organic growth, with a good performance in all formats. Hypermarket sales were up, exclu...
15 January 2014
Following Casino's full year and Q4 sales release today, we look at the group's performance in Latin American markets. Across the region, same-store sales improved compared to Q3 Same-store sales (excluding petrol and calendar effect) were up 12%, a strong increase compared to +9.6% in the third quarter; this particularly reflected GPA's performance in Brazil. Same-store sales also impac...
15 January 2014
Casino has reported 2013 net sales of €48.6bn, up 15.9%, with total sales in France up 5.7% and a strong international performance, particularly in Brazil. For the fourth quarter, internationally Casino reported an "excellent performance relative to previous quarters" , and continued improvement in France. Improvements in France In France, the full consolidation of Monoprix (since 5 Apr...
13 January 2014
GPA has revealed that strong growth in same-store sales drove a 14.9% increase in gross sales revenue for the consolidated business in Q4 2013. GPA Food reported gross revenue growth of 14.8% for the period. Continued solid performance for whole business GPA's results continued the trend from the third quarter . In Q4, the food category reported growth of 9.8% while in non-food the figu...
10 January 2014
Latin American retailer Falabella has revealed plans to invest USD4,100m over the period 2014-2017. Increase in investment compared to previous plan The funds announced in this new plan represent an increase of USD1,100m compared to the plan announced in January 2013 . The majority of the investment (63%) will go towards opening 157 new stores and 15 shopping centres in Falabella's five ...
10 January 2014
Chilean retailer Cencosud is to invest less in 2014 than it did in 2013, as it works on consolidating its Brazilian and Colombian operations. Does not mean that growth will stop The retailer said investment for 2014 will be around $425m, compared to £731m that was planned for 2013. Speaking to reporters, CEO Daniel Rodriguez said no new acquisitions or debt issues were planned for 2014: ...
07 January 2014
Walmart de México y Centroamérica has reported 3.1% growth, in sales for 2013, with fourth quarter sales up 3.5% on the previous year. Mixed performance in Mexico and Central America Sales in Mexico were up 3.3%, but like-for-likes decreased by 1.3% compared to the previous year. Fourth quarter performance was similar, with sales up but like-for-likes down. In Central America, both like-f...
29 December 2013
To stimulate your thinking for 2014, six of our analysts have selected their favourite large stores of the past year. Tesco Extra (Watford, UK): creating a new future for hypermarkets? Nick Miles, Senior Business Analyst Tesco’s relaunched hypermarket in Watford was a ‘retail event of 2013’, seeing the retailer open the first of its new look ‘destination Extra’ stores and to create more...