Brazil news and analysis

09 November 2018
Carrefour Brazil has purchased E-Media, which operates the Cyber Cook, Mais Equilíbrio and Vila Mulher sites, for an undisclosed sum. Following the acquisition Carrefour will integrate the sites into its wider ecommerce offer “to increase traffic and improve customers’ shopping experience”. An important step in Carrefour’s strategy Carrefour has said the transaction is aimed at driving it...
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
Strong words from Antonio Coto, DIA’s new CEO led its results presentation, "DIA is facing its toughest test since being listed in 2011". There is a sense of urgency in the company to turn around falling sales and DIA hopes to achieve this through numerous operational changes across all markets. The numbers for 9M 2018 Gross sales were down 9% to €6,557M, driven by a 2.5% decline in gross s...
31 October 2018
As Carrefour Brazil reports a positive performance in Q3 2018, it has said it is also aiming to double the value of sales it generates with organic products by 2020. Ecommerce boosts quarterly revenue Carrefour Brazil has reported a continued sales growth in Q3 2018. Revenue increased by 8.1% to BRL14bn (US$3.76bn) versus the same period in 2017. Like-for-like sales rose by 5.1%, driven by ...
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...
19 October 2018
Casino reported Q3 sales saying net sales rose 5.4% on an organic basis and by 3.3% in same-store terms. The retailer said it had enjoyed accelerated growth in both France and Latin America, echoing statements from Carrefour in its own third quarter results. France: growth across formats Casino said total sales in its home market rose 2.0%, by 2.0% on an organic basis and by 1.9% in s...
18 October 2018
France-based Carrefour has said ‘ better momentum in France ’ and accelerating growth in Brazil ’ had underpinned an acceleration in sales growth during the third quarter. Carrefour said total sales rose 2.7% at constant exchange rates, to €21.09bn, with like-for-like sales rising 2.1%. Roll out of 2022 Transformation Plan aiding results The retailer pointed to the roll out of its 2022 Tra...
27 September 2018
Carrefour Brazil has announced plans to invest BRL1.8bn (USD443.2m) into opening new stores. Store openings Carrefour Brazil hopes to open 20 wholesale Atacadão stores, and additional small-sized Carrefour Market and Carrefour Express stores. Though the exact numbers are unknown. The new stores will be opened in 2019. Continued expansion Carrefour Brazil’s planned investment shows a c...
11 September 2018
As Carrefour looks to play a leading role in ‘food transition’, through which it will enable shoppers to consume better, higher quality, safe and socio-environmentally responsible food, it is rolling out several initiatives. We review the steps it is taking as part of its 2022 Transformation Plan. Carrefour launches ‘Act for Food’ initiative Carrefour Group has launched ‘Act for Food’, whic...
26 July 2018
In H1 2018, DIA announced gross sales of €4.6bn, an increase of 1.4% in local currency terms compared to H1 2017. On a global level, net sales fell by 10.3% to €3.8bn, affected by currency rates in relation to its operations in Latin America. Like-for-like sales increased by 1.8% globally and by 0.3% in Spain. Online sales increase Online sales in Spain in H1 2018 were €39m, a 48% increase ...