Brazil news and analysis

21 October 2021
After Carrefour reported third quarter sales rose 4.0% to €20.5 bn, with like-for-like sales up by 0.8%, we look at five key takeaways from the results announcement. 1. Operations in France continue to gain share In its home market, on a two-year basis, Carrefour’s total sales were up by 3.5% in the third quarter, driven by the performance of its supermarkets, convenience stores and grocery...
18 October 2021
Earlier this year, Brazilian retailer GPA (part of the French retail group, Casino) successfully spun off its cash and carry format, creating two separate retail businesses (GPA and Assaí). On October 15, 2021, GPA entered into a binding agreement and strategic transaction with Assaí to sell the majority of its hypermarkets, which will be converted to Assaí. 71 stores to be converted to Assaí...
08 October 2021
Mexican business Jüsto was established in 2019, as the countries’ first pureplay (100% online) grocery delivery business. It launched with an ambitious aim to disrupt the grocery industry in Latin America and within its first two years raised an impressive US$100m venture capital investment. On Tuesday 5 October, Jüsto announced it had formed an alliance with Rappi, Latin America’s lar...
24 September 2021
Quick commerce is becoming increasingly competitive in Latin America. The sector is currently dominated by local operators, including Rappi, Cornershop (recently acquired by Uber), and iFood. These businesses have profited from their local know-how, such as understanding consumption habits and knowledge of LatAm’s complex road networks, which is fundamental for logistics and delivery.   This y...
20 September 2021
DIA has reported group turnover decreased by 9.1%, to €3,193.7m, in the first half of 2021. DIA’s sales performance by market The retailer operates in four markets: Argentina, Brazil, Spain, and Portugal. By market it reported: DIA Spain announced its H1 sales of €2,089.7m, a decrease of 7.7%, compared to H1 2020 DIA Portugal revealed a decline of 4.2% to €296.3m in H1 2021 DIA Brazil...
29 July 2021
As Carrefour France acquires a minority stake in quick commerce operator Cajoo, its operations in Poland looks to reduce plastic use and it appoints a new chief executive in Brazil, we round up five developments from the retailer. Carrefour acquires stake in quick commerce company in France In its Q2 results statement Carrefour announced its acquisition of a minority stake in quick comm...
29 July 2021
Carrefour has announced Q2 and H1 results showing continued strength in several markets, especially France. At a group level, Q2 showed a sequential slowdown on Q1’s performance but was against a high comparable base in 2020. In H1 the retailer said like-for-like sales rose 3.9% to €38.3 bn. H1 highlights In the first half of its 2021 financial year, Carrefour noted several positive develop...
19 July 2021
COVID-19 has had a significant impact on grocery shopping habits in Brazil. Social distancing has led to people spending more time at home than ever before, creating a desire for hyperlocal convenience stores. This has led to a rise in autonomous store formats, which, over the last 18 months, have been opening close to homes and inside workplaces all over Brazil. Some were around pre-COVID, ho...
09 July 2021
Latin America is one of the most advanced regions for quick commerce, which we define as groceries and essential products delivered in under one hour. In the last year we have seen the emergence of new pureplay businesses (e.g. JOKR, Getir, and Gorillas), and the launch of new ultra-fast delivery services from existing plyers (e.g. Rappi Turbo), which can fulfil deliveries in 10 or 15 minutes. ...
02 July 2021
Given its size and population, Brazil has comparatively few convenience stores. There are a handful of forecourt convenience operators, like ampm which operates over 2,000 stores, but leading grocery convenience store players (GPA and Carrefour) have less than 400 stores combined. OXXO, the region’s largest convenience retailer, opened its first store in Brazil in December 2020 and set out amb...