Latin America News & Analysis

03 May 2013
InRetail Perú Corp, operator of Supermercados Peruanos, has reported consolidated revenues up 8.5% for the first quarter of 2013; supermarket revenues were up 7.2%.  New stores driving sales growth across formats InRetail Perú Corp operates pharmacies and shopping centres in addition to grocery stores, although supermarkets account for the majority of retail revenue.  The group said new store...
03 May 2013
For many, Walmart is considered to be the stereotypical big-box retailer, a reputation that has been earned based on its core domestic operations. In some respects, it is a well-deserved reputation, with over 4,000 Supercentres operating in the US. However, as the focus of new openings at home shifts towards smaller format supermarkets, over the last five years the retailer has built a signifi...
30 April 2013
GPA has reported EBITDA up 11.2%, and +6.2% for the food business, in the first quarter of 2013. Improved sales mix helps margin The group has been restructuring GPA Food since late 2011, to make it leaner and simpler, and the continuing improvements have contributed to growth. A gross margin increase was put down to an improved sales mix, with customers trading up in fresh produce to hi...
29 April 2013
Éxito has increased its net revenue by 6.1% in the first quarter of 2013, and reported EBITDA growth of 6.5%. Same store sales growth in both markets Both Colombia and Uruguay registered same store sales growth during the quarter, contributing towards a group-wide rise of 1.6%. In Colombia, growth was driven by Surtimax; six stores opened under this discount fascia, out of a total of 10. ...
29 April 2013
Mexican retail group Controladora Comercial Mexicana (CCM) has reported net sales growth of 3% for the first quarter of 2013, alongside 7.2% for Chedraui and 5.1% for Soriana.  Calendar effect hits same store sales at CCM Same store sales were up 1.1% for the quarter, hit by the calendar effect of one fewer day in February this year, and the timing of Easter.  The best-performing formats were...
24 April 2013
As part of its first quarter results announcement, in which it revealed net sales growth of 5.1%, Walmart de México y Centroamérica has revealed more details of changes to the structure of its self-service division.  Mixed results across region Speaking at the results presentation, Scot Rank, president and director general, said results were solid in central America; income was up 2% in p...
24 April 2013
Portuguese group Jerónimo Martins has reported consolidated sales up 16% to €2.8bn in the first quarter of 2013, with Polish chain Biedronka increasing sales by 20%.  Strong like-for-likes in Poland, expansion remains priority Biedronka achieved like-for-like growth of 8.8% for Q1, with both basket size and number of visits contributing. The fresh focus rollout was completed in September...
24 April 2013
FEMSA Comercio, operator of Oxxo convenience stores in Mexico, has reported revenue growth of 14% for the first quarter of 2013.  New stores and same-store sales driving growth Oxxo opened 135 stores in the first quarter, to reach 10,736 at the end of March, and it is this which is the main driver of sales growth. Same-store sales were up 4.8% compared to the first quarter in 2012, reflecting...
18 April 2013
Carrefour has reported consolidated sales of €20.8bn for the first three months of the year, up 1.3% at constant rates. Sales dropped by 1% in France excluding fuel, although the encouraging trend in food performance continued at the group's domestic hypermarkets. Hypermarkets post stable performance in France The economic environment in France remains challenging and poor weather added furt...
18 April 2013
Casino has reported a 33.7% rise in consolidated sales for the first quarter, driven primarily by the full consolidation of GPA in Brazil. Sales from total continuing operations reached €11,681m, with French sales down 4% and international sales up 73.6%. Price drops in France Casino continued the price cutting policy it initiated in Q4 through the first three months of the year, and stated ...