Latin America News & Analysis

05 February 2013
The Argentine government has reached an agreement with the country's largest retailers to freeze prices for two months.  Freeze to last until 1 April Members of the United Supermarkets Association (ASU) have agreed to keep prices unchanged until 1 April, following a meeting with Argentina's domestic trade secretary, Guillermo Moreno.  The agreement has been backdated to take effect as o...
04 February 2013
Grupo Pão de Açúcar (GPA) has announced plans to add 25 Assaí wholesale outlets in north-eastern Brazil over the next three years. Part of plans to open 60 units in total There are currently 62 Assaí stores in eight Brazilian states.  The 25 new outlets are part of a wider plan in which GPA intends to open 60 more over the next three years.   In Brazil , wholesalers play a key role in t...
17 January 2013
Carrrefour has reported an improved sales performance for the final three months of 2012, especially in France and emerging markets. Total sales reached €22,853m, up 0.8%, with LFL ex fuel up 0.4%. For the full year 2012 sales were up 1% to €86,558m. For a full breakdown of Q4 and FY sales performance, click here . France sees further improvement at hypermarkets Sales in France were up ...
16 January 2013
Casino has reported Q4 2012 sales of €12,856m, up 35% on a total basis following the full consolidation of Latin American operations and up 3% on an organic basis. While international sales grew by 76% during the quarter, domestic sales declined 3% as household consumption lagged. For a detailed sales breakdown click here . French hypermarkets down more than 10% Net sales in France declin...
14 January 2013
Walmart has announced that Enrique Ostalé, president and CEO of its Chilean operations, has been named executive vice president, president and CEO of Walmart Latin America. Overseeing operations in nine countries Mr Ostalé will take up his new post on 1 March, from a base in Mexico City.  He will oversee Walmart's operations in Argentina , Brazil , Chile , Costa Rica, El Salvador, Gu...
11 January 2013
Portugal-based Jerónimo Martins has announced that preliminary sales for 2012 saying that group sales had risen by 10.5% to €10.9 billion. Biedronka remains engine of sales growth in 2012 The company said that ‘Biedronka had another strong year’, aided by the addition of 263 stores and like-for-like growth of 6.4%. Although the market environment weakened over the course of 2012, with the pac...
11 January 2013
Chilean group Falabella says it will invest nearly USD4bn to open 231 stores and 20 shopping malls over 2013-2017. Continuation of 2012 expansion The investment will be phased across the five year period, as shown below, and will cover all Falabella's markets: Chile, Peru, Colombia and Argentina.  By the end of 2017, Falabella will have 527 stores and 51 malls.  It continues investments m...
10 January 2013
GPA, Casino's Brazilian subsidiary, and Intermarche Poland are both expanding through the Drive, click and collect for grocery, concept, according to reports. Retailers investing in Drive across markets Reports state that French retailer Intermarche is preparing to launch a Drive service for grocery in Poland this quarter and GPA , Casino's Brazilian  subsidiary, began operating a Drive ...