Brazil news and analysis

05 August 2022
In Latin America, the sales penetration of private label is well behind the levels seen in more developed regions, e.g. Europe and North America. But, in recent years this has started to change.    High inflation, coupled with the highest unemployment levels witnessed in over 30 years has weakened the purchasing power of many Latin Americans. As a result, people have had to reduce their spend ...
28 July 2022
Carrefour reports a strong performance in a challenging environment and confirms its consolidated net sales in the first half of 2022 rose 13.2% to €39,054m with like-for-like (LFL) sales up by 5.4% compared to H1 2021. Source: Carrefour Carrefour France: positive Q2 sales performance The group revealed its consolidated Q2 sales increased by 17.2% to €23,078 and LFL sales increased by ...
22 July 2022
Last month (June 2022), Carrefour, Brazil’s leading grocery retailer, completed its acquisition of the countries’ third largest (Grupo BIG). This cemented Carrefour’s place as Brazil’s market leading grocer, with a market share close to 25%. Following my recent article ‘Carrefour consolidates its leadership in Brazil’ , I now explore some of the challenges and opportunities the acquisition ...
30 June 2022
In March 2021, Carrefour Brazil reached an agreement to acquire Grupo BIG from Advent International and Walmart, subject to approval from Brazil’s antitrust watchdog CADE (The Administrative Council for Economic Defense). This was approved on 25 May 2022, subject to Carrefour disposing of 14 stores in anti-competitive locations. Earlier this month (7 June) the acquisition was finalised. It...
17 June 2022
Carrefour operates over 13,000 stores in nine different markets. The Carrefour group continues to expand its operations and partners to provide quick commerce and food delivery services. Carrefour Brazil revealed it completed the acquisition of Grupo Big in Brazil. Meanwhile, Europe’s leading q-commerce Flink SE purchased Cajoo, who partners with Carrefour to supply its private label and other ex...
20 May 2022
In January 2021, Cencosud announced significant new investment plans, with a projected spend of US$1.8 bn between 2021–2023. The bulk of this was to be invested in refreshing its existing estate and expanding its store network. Then in Q4 2021, Cencosud registered a request for an IPO with the Securities and Exchange Commission (CVM), for the primary distribution of shares. Funds raised would ...
21 April 2022
Carrefour reports its first quarter sales rose 9.0% to €20,239m with like-for-like (LFL) sales up by 3.4%, we look at three key takeaways from the results announcement. 1. Carrefour continues to gain market share in France, Spain and Brazil Carrefour announced it increased its sales across France, Europe and Latin America. We highlight the three countries where the retailer is gaining market ...
23 March 2022
Chilean retailer Cencosud, which operates grocery stores in Chile, Argentina, Brazil, Colombia and Peru, is expanding its ‘Spid’ store concept across the region. This unique format comes in the form of both dark stores (therefore used for fulfilling online orders) and hybrid stores which act as both a convenience store and a hub for picking online orders.    Expanding across LATAM Cencosud ...
21 March 2022
Circle K, Lawson and AmPm are bringing virtual experiences to its customers. We share the key highlights and our view on some of the benefits. Our view Metaverse provide brands a platform to learn and create moments of engagement, e.g. opportunities for promotions and games within this new space. Content and conversations with consumers will be quite different from social media. Businesses ...
16 March 2022
The convenience channel is becoming increasingly competitive in Brazil , particularly in São Paulo. Throughout the pandemic, Brazilians have spent more time at home than ever before, which has led to a rise in new autonomous store formats.  Carrefour is the first major retailer to enter this space and accelerating the expansion of its autonomous stores underpins its convenience strategy thi...