Latin America News & Analysis

08 November 2013
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...
04 November 2013
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 ...
31 October 2013
Supermercados Peruanos reported revenue growth of 10.7% for the third quarter. Parent company InRetail Perú Corp saw growth of 13.3%.  Same store sales boost supermarkets Same store sales in the supermarket division were up 2.1% for the third quarter, driving overall revenue growth. Revenues at the pharmacy business grew by 16.8%, and reported same store sales up 4%. The division opened 39 s...
28 October 2013
Spain-based DIA has announced third quarter results saying that gross sales under banner grew by 2.5% to EUR2.92 billion – 8.5% in local currency terms. Sales in Iberia remain strong DIA said that at a corporate level like-for-like sales growth in local currency terms was 0.8% in the third quarter, while in Emerging Markets the pace of growth in the same terms reached 14.7%. By geographical s...
28 October 2013
Mexico's FEMSA Comercio, operator of Oxxo convenience stores, has reported total revenue growth of 12.5% for Q3 2013, driven by nearly 200 new store openings and growth in same store sales. Q3 shows continuing trend from start of year says group chairman FEMSA Comercio opened 195 stores in Q3, to reach 1,043 new stores over the past twelve months, taking the total to 11,210. The retailer rep...
28 October 2013
Carrefour has appointed Charles Desmartis as CEO at Brepa Comércio e Participações Ltda, its holding company in Brazil. Will supervise all group activities in the country The appointment will take effect on 4 November. Mr Desmartis will oversee Carrefour Comércio e Indústria, the division headed up by Luiz Fazzio and including Carrefour hypermarkets, Bairro supermarkets and financial serv...
24 October 2013
Walmart de México y Centroamérica has reported net sales up 1.9% and EBITDA up 5.5% year on year, for Q3 2013. "Very pleased" with financial performance in Central America Total revenues were up 6.4% year on year and EBITDA was up 36.3%. Walmex has been improving its value and price propositions to serve customers better and to attract those who shop in the informal, traditional market. I...
24 October 2013
Mexico's CCM grew net sales by 4.4% in the third quarter of 2013, and same store sales were up 2.3%, despite subdued consumption levels. Outperforming wider sector CCM's same store sales outperformed those reported by the trade body ANTAD for the wider retail sector (-2.5%) in quarter three. They increased in formats, but the supermarkets City Market, Fresko and Sumesa stood out, with gro...
24 October 2013
Colombia's Grupo Éxito has reported net revenue growth of 3% for the third quarter of 2013, and EBITDA growth of 8%. Accelerating e-commerce business In line with its plan to strengthen its omni-channel strategy, Éxito announced that it has converted its Tecno Lisboa store in Bogotá into a specialised distribution centre for consumer goods, e-commerce and home delivery.  The store will...
23 October 2013
Brazilian retailer Condor Super Center has opened its 36th store in its home state of Paraná. Store designed in zones Condor invested BRL50m in this 6,000 sq m hypermarket. It has a modern design, using different colours and shelf heights to mark out each department of the store. It stocks 40,000 products. Condor targets 45 stores by 2016 and intends to expand its operations to other stat...