Rakuten news

21 May 2020
Brazilian retailer GPA (part of the French retail group Casino) has reported gross revenue of BRL15.9 bn (US$2.8 bn) for Q1 2020. This represents a significant increase of 15% year-on-year (YOY). Its strong performance is largely driven by the maturation of cash and carry stores opened over the last 24 months, combined with a positive sales uplifts from optimising its core estate. Core estat...
24 January 2020
GPA has reported gross revenue of BRL59.1bn (US$14.2bn) for 2019, representing solid growth of 10.3%. In this article we explore five key themes underpinning its performance. 1. Atacarejo continues to drive solid growth GPA’s atacarejo (cash and carry) banner Assaí continues to be the business’s highest performing subsidiary. Assaí’s gross revenue reached BRL30.4bn (US$7.3bn) in 2019, repre...
23 October 2019
Many shoppers in Brazil are now using atacarejo (cash and carry) for their weekly/bi-weekly shop. This has affected the way that they shop in other formats. GPA’s 2018 strategy saw the business shift its focus to store optimisation, particularly of its supermarkets. Optimising existing stores GPA had 184 stores under its Extra Super supermarket banner. To make them more relevant to changi...
21 October 2019
GPA has reported gross sales of BRL$14.6bn (US$3.5bn), representing strong growth of 9.5% in Q3. This is despite a 2.4 pp drop in inflation versus the first half of the year. Like-for-like sales were flat for its hypermarkets and supermarkets, but up 3% for the Assaí (cash and carry) format. Total sales for Assaí banner up 19% year-on-year Gross revenue for the Assaí banner reached BRL$7.6b...
09 October 2019
The fastest growing channel in Brazil recently has been the atacarejo (cash and carry). A growing number of customers are migrating to it from supermarkets and hypermarkets. As a result, the major retail players are having to re-think their strategies for these channels to remain relevant.   Why is atacarejo so popular with customers? The atacarejo channel is unique compared to other mark...
30 August 2019
In Q2 2019 Grupo Éxito has reported net sales of COP2.62tn (US$753.9m) in Colombia, representing a 3.4% growth. This strong performance was driven by a combination of the success of its latest Éxito WOW and Carulla Fresh Market concepts, the expansion of its Surtimayorista cash and carry banner and advances in omni-channel. Same-store-sales (SSS) grew by 3.6% in the quarter, predominantly drive...
14 August 2019
Cash and carry continues to be one of the fastest growing channels in Latin America. The stores have been particularly successful in Brazil and we are starting to see major retailers open an increasing number of them in other markets across the region. The following article focuses on cash and carry growth in Brazil, Argentina and Colombia. Brazil Brazil remains the dominant market for ca...
01 August 2019
GPA has reported gross revenues of BRL$14.2bn (US$3.7bn) for Q2, an 11.3% year-on-year (YOY) increase. This is despite comparative like-for-like performances being affected by a slower recovery of the economy and a particularly strong comparative sales performance in 2018 as a result of the football world cup.   Assaí accounts for over 50% of gross sales In Q2 gross sales for GPA’s Assaí ...
18 July 2019
Brazilian retailer GPA, part of the Casino Group, plans to open its first store testing advanced payment technologies including facial recognition and “scan & go” in 2019. This will be trialled in a Minuto Pão de Açúcar convenience store in São Paulo and the business expects it to open before December. The technology has been developed by Microsoft. The initiative is in line with GPA’s wider...
09 July 2019
Over the last 18 months, we have seen a growing trend for the major grocery retailers in Brazil to shift their focus towards promoting healthy, fresh and organic products. There is an increasing consumer demand to buy healthier and natural products. Carrefour and GPA (part of the Casino Group) have addressed this by implementing dedicated health-food zones in their stores and in both cases, ...
03 July 2019
France-based Casino has announced plans to restructure its Latin American operations. The changes will see it control its Latin America-based business divisions in Argentina, Brazil, Colombia and Uruguay through a 41.5% stake in Brazil-based Grupo Pão de Açúcar (GPA).  GPA to acquire all shares in Éxito Through an all-cash tender, GPA will acquire all shares of the Colombia-based Éxito. The...
26 June 2019
Brazil-based GPA is enhancing its Aliados Mini Mercado (formerly Aliados CompreBem) wholesale business through the launch of its new B2B ecommerce platform. Background to Aliados CompreBem GPA launched its Aliados CompreBem business model in July 2016, which was re-branded to Aliados Mini Mercado in 2018. The initiative was set up to enable small and midsized independent neighbourhood store...
23 May 2019
In the first quarter Grupo Éxito reported net sales of COP2.64tn (US$788.9m) in Colombia, a growth of 2.5%. Same-store sales (SSS) grew by 2%, which was mainly due to strong like-for-like performance of stores under its Éxito banner, as well as higher volume and traffic. At a group level Grupo Éxito reported a consolidated net revenue of COP14.3tn (US$4.19bn) in Q1, which represents a 3.9% i...
07 May 2019
GPA has announced consolidated sales growth of 12.4% for Q1, despite an unfavourable Easter calendar effect. It also reported same-store sales (SSS) growth of 7.5% and said that it had seen its strongest customer traffic growth in several periods. GPA has been optimising its store portfolio for all its multivarejo (all non-cash and carry formats) stores to better meet changing customer deman...
19 November 2018
GPA has partnered with start-up Cheftime as part of its strategy to accelerate food delivery, while the retailer has also signed an agreement with Livelo to increase its ecommerce business. Cheftime partnership to create meal kits… GPA has announced a partnership with start-up Cheftime, which offers an online meal kit subscription service. The partnership entitles GPA to acquire a controlli...
01 November 2018
Brazil-based, Casino-owned GPA has announced Q3 2018 results. The retailer said that its focus on its ‘ multi-channel, multi-format and multi-region portfolio ’ had helped underpin its positive performance during the quarter. Gross sales increased by 12.8% driven by Assaí… GPA reported an increase in gross revenues of 12.8% to BRL13.3bn (US$3.6bn) versus the same period in 2017. GPA said th...
31 October 2018
Brazil-based, Casino-owned GPA has opened the first of its recently converted Compre Bem supermarkets in the state of Sao Paulo. The retailer hopes to convert a further 13 Extra supermarkets to the Compre Bem banner by the end of 2018. The store has created 300 jobs… The new Compre Bem store is in Taubaté. GPA has invested BRL6m (US$1.6m) in the 2,900 sq. m store, which has an assortment of...
18 January 2018
We look at GPA’s Q4 and full year results alongside its 2018-2020 strategy. Q4: growth driven by Assai GPA Q4 sales were BRL12.5 bn (US$3.91 bn), a 6.8% increase in revenue on Q4 2016. Same store sales in this period were +3.5%. Assai stores once again drove results, accounting for 43.5% of the retailer’s revenue. The results were more modest than previous quarters and were influenced by...