DIA said as part of its 2020 FY results its consolidated sales increased by 0.2% to €6,882m, compared to 2019. DIA continues to make improvements DIA’s sales increased 0.2%, despite a decrease in its store network by 6.9%, across Spain, Portugal, Brazil, and Argentina. The group achieved the sales increase despite the headwinds of tourism levels in Spain and Portugal being low due to COVID-...

In June 2018, private equity firm Advent International acquired an 81% stake in Walmart’s Brazil business for US$4.5 bn, with Walmart retaining a 19% stake. The retailer was renamed Grupo BIG. Carrefour Brazil has now reached an agreement to acquire Grupo BIG from Advent International and Walmart. The proposed acquisition would cement Carrefour’s leadership position in the market. The trans...

Autonomous stores are a growing trend we are seeing globally. Since the start of the pandemic, customers have preferred to shop in stores closer to their home. The compact size of autonomous stores enables businesses to open units that are closer, making them a convenient and safer option. Here we explore three autonomous store concepts we have seen in the region.  Oxxo Smart, Mexico ...