Brazil news and analysis

24 May 2018
We explore these results in more detail and the future strategies for 2018. Colombia: recovery of sales driven by Fresh Market and omnichannel • Net sales -1% and same store sales -3% • Èxito and Carulla net sales -1% and same store sales -1% and -2% respectively • Surtimayorista and Surtimax -9% in net sales and same store sales • Omnichannel sales +35% • Expansion: one new Èxi...
16 May 2018
As Carrefour Brasil announces its first quarter results, which underlined the growing importance of the online channel, the company, separately, launched a click and collect service to enable shoppers to pick up orders easily. First quarter sales impacted by food deflation Carrefour Brasil said gross sales rose 6.0% to BRL13.0 bn (US$3.6 bn), with like-for-like sales of only 0.4% being held...
11 May 2018
Spain-based DIA has posted net sales of €1,877.6m in Q1 18, a 1.1% fall excluding foreign exchange rates (ex-FX) from Q1 2017. Gross sales under banner were broadly flat ex-FX, growing by 0.2%, to reach €2,270.0m. The numbers Gross sales in Iberia were €1,502.1m, down 4.3% from Q1 2017. DIA said a 3% space reduction and 1% negative calendar effect contributed to this. Iberian like-for-lik...
19 April 2018
We take a closer look at GPA in Brazil and consider its latest performance and growth prospects. Assai remains the engine of growth Net revenues for GPA overall grew 7.5% to reach R$11.3bn, but this was entirely due to the stellar performance of atacarejo format Assai, where sales grew by 25.2% to reach R$5.2bn in Q1. A substantial conversion programme, with Extra hypermarkets being convert...
18 April 2018
France-based Casino said total sales fell by 3.8% to €8.9 bn, with the performance impacted by ‘ an unfavourable exchange effect ’. On an organic and comparable sales basis, however, the retailer said they rose by 3.1% and 1.8% respectively. Casino’s positive results were driven by its food ranges in France. France: sales recovered in Q1 Casino reported total growth of 1.5%, to €4.551 bn, w...
12 April 2018
Discussion of Carrefour’s Q1 results will focus on the challenging market environment in France. However, its performance across Europe underlines the contests being fought by it and other retailers to maintain growth in difficult operating conditions. Given these situations the retailer’s roll out of its 2022 Transformation plan cannot occur quickly enough, despite it likely to have an effect on...
14 March 2018
Continuing announcements from individual countries about how they are going to implement the 2022 Transformation plan, Carrefour Brazil has set out how it is looking to expand and digitise its offer in the country. Acquisitions and partnerships to drive expansion Carrefour said it could acquire or partner with existing retailers in the country as it looks to expand. The retailer said in 20...
22 February 2018
Spain-based discounter DIA has benefited from a recovery in Q4, helping it to drive positive like-for-like sales for the whole of 2017. In the fourth quarter like-for-like sales rose 1.1% in Iberia, while in its emerging markets division, like-for-like sales increased by 8.3%, excluding foreign exchange rates and calendar effects. The results… Total DIA: Q4 like-for-like sales (ex-calenda...
20 February 2018
We review Walmart's fourth quarter and full year results along with the outlook for the year ahead. Walmart's key numbers Walmart's total revenue in Q4 increased by 4.1%to $136.3bn Ecommerce sales in the US up 23% Sales in its US stores and Sam's Club division increased by 3.4% and 3.3% respectively US comp store sales increased by 2.6%, broadly in line with the 2.7% growth reported i...
25 January 2018
Carrefour Brazil has enjoyed a rise in sales as Brazil has come out of recession. There is a more positive outlook for the future, which will lead to further store expansion. We look at the results in more detail. Three years of continual growth The retailer’s Q4 sales were BRL13.63 bn (US$4.23 bn), a 5.3% increase on last year. Sales for the full 2017 were BRL 49.65 bn (US$15.3 bn), a 7.2%...