Latin America News & Analysis

10 October 2013
GPA has announced gross sales growth of 15% for the consolidated business in the third quarter of 2013, helped by the 132 new stores it has opened in the last year. Of these new stores, 20 were opened in the third quarter. Technology products driving increases in non-food categories Sales for food categories rose by 7.9%, mainly due to strong performances from fresh categories (meat, f...
09 October 2013
Costco reported a 6.0% increase in net sales for the fiscal year ended 1 September 2013 to $102.9bn, with comparable store sales up 6%.  Operating income rose by 10.7%, to  $3,053m, for the full fiscal year. Sales increased by 1.0% in the fourth quarter, although this was a 16 week quarter, versus 17 weeks in 2012, with comparable store sales up 5%. First outlets to open in Spain next yea...
08 October 2013
Carrefour CEO Georges Plassat, speaking at the World Retail Congress in Paris this week, is positive that the retailer is on the right track, saying: "I am convinced that with the measures we are taking today, Carrefour is back." Hypermarkets are not dead Mr Plassat said around 68% of Carrefour's business was still carried out in-store, where retailers must provide quality products and w...
03 October 2013
Brazilian business group Ultrapar has acquired one of the country's largest drugstore chains, Imifarma Produtos Farmacêuticos e Cosméticos S.A, which operates under the Extrafarma brand. Marks Ultrapar's entry into retail pharmacy sector Ultrapar and Extrafarma will enter into an association agreement. As a result Extrafarma will become a wholly-owned subsidiary of the business group, an...
02 October 2013
Chilean retailer Falabella's supermarket chain, Tottus, has revamped its stores' image and is concentrating on private label development in Peru. New imagery for private labels According to commercial operations manager Luis Seminario, the change involves a more modern logo, with greater use of the colour green, and has been  gradually implemented. The new imagery is also being incorporated ...
01 October 2013
Walmart.com Brazil is to develop a new 53,500 sq m distribution centre in São Paulo, constructed by Prologis. Wider acceleration of e-commerce plans for Walmart The facility will be tailored to Walmart's needs. It will be located on Prologis' Cajamar II site to the north-west of São Paulo, close to the Anhanguera Highway which gives access to the ring road and to central São Paulo. Walma...
27 September 2013
Venezuela's newly created Órgano Superior de Defensa Popular de la Economía has taken control of a Central Madeirense supermarket in Caracas as part of moves to curb speculation and hoarding. Aim is to ensure production of and access to food The Órgano Superior de Defensa Popular de la Economía (higher authority for the people's defence of the economy) was created by Venezuela's presiden...
23 September 2013
Jean-Charles Naouri, chairman and CEO of Casino, is to take over as chairman of the GPA board of directors. Will be elected at EGM on 9 October Former chairman Abilio Diniz stepped down on 9 September. Commenting on his appointment, Mr Naouri said: "I want to express my renewed confidence in the management team of GPA led by Eneas Pestana. I know that I can rely on their commitment to bui...
19 September 2013
Following Cencosud's recent second quarter results, we look back at the year so far and examine what the rest of 2013 might hold for Chile's leading retailer. "Our story is based on continued growth" Cencosud reported consolidated revenue growth of +20% for the full year 2012 , driven by more than 150 new stores, including the acquisitions of supermarkets from Prezunic and department s...
19 September 2013
E-commerce platform eBay has launched a Portuguese language version of its Moda fashion app in Brazil, its first product specifically designed for the Brazilian market. Part of a plan focusing on emerging markets The app will be available from the end of September with Apple, with an android version to be rolled out later. Its launch is part of eBay's larger plan to deliver selection and...