Brazil news and analysis

18 January 2018
We look at GPA’s Q4 and full year results alongside its 2018-2020 strategy. Q4: growth driven by Assai GPA Q4 sales were BRL12.5 bn (US$3.91 bn), a 6.8% increase in revenue on Q4 2016. Same store sales in this period were +3.5%. Assai stores once again drove results, accounting for 43.5% of the retailer’s revenue. The results were more modest than previous quarters and were influenced by...
18 January 2018
France-based Carrefour released fourth quarter results noting that it had seen a slowing sales momentum during 2017. It said like-for-like sales were 1.6% for the full year, compared to 3.0% in 2016. It said that the slowing pace of sales growth had impacted recurring operating income, which it expects to fall by about 15%, and free cash flow, which hit €950m in 2017 compared to €1.039 bn in 2016...
17 January 2018
Walmart has appointed Judith McKenna as President and CEO, Walmart International, effective February 1. She takes over from David Cheesewright who will remain with the retailer full-time through March and then serve the company, on a limited basis, with specific projects for a longer period of time. Critical role in the turnaround of the US business McKenna is currently Chief Operating Offi...
13 December 2017
As French trade publication Lineaires reports on Carrefour’s new design for its hypermarket in Montesson, we look at that development and others from the retailer. Carrefour Montesson evolves hypermarket offer… Lineaires reports that Carrefour Montesson has been redesigned the hypermarket to upweight the store’s human elements and provide more advice and service to shoppers. The store has s...
12 December 2017
We look at two key retailers in Brazil and their plans for 2018. GPA: expanding Assai GPA will investBRL1.3 bn (US$400m) in 2018 it its operations in Brazil. The focus will be on its atacarejo format, Assai. This has been its most profitable format this year, and has been growing at considerable pace for the retailer over recent years. The retailer plans on opening around 20 stores per year...
09 November 2017
As Carrefour Brazil unveils stronger profits in Q3, double those of the same period last year, we review some of its latest strategic developments. 100th Express store opening Carrefour has opened its 100th proximity store in Brazil. The convenience format is an increasingly important driver of expansion in the country, with over 30 opening this year. Though only located in and around Sa...
26 October 2017
Spain-based DIA has announced third quarter results saying net sales fell 4.1% to €2.17 bn with its operations on the Iberian peninsula being affected by lower inflation and a tough competitive environment. Net sales fall 5.2% in Iberian operations DIA said net sales fell 5.2% to €1.4 bn with store closures and the temporary closure of stores as they were upgraded affecting its performance....
19 October 2017
Carrefour Brasil has announced its third quarter results, following the IPO of the division in July, saying total sales, excluding petrol, rose 5.5% in Q3 to BRL12.2 bn (US$3.9 bn). The company said expansion continued to drive its sales growth, with like-for-like sales up by 1.1% and expansion accounting for 5.0% sales growth. Atacadão continuing to underpin performance in Brazil Carrefour...
19 October 2017
We look at Brazilian retailer GPA’s Q3 results in detail and assess the retailer’s strategies for future growth. Strong performance driven by Assaí; • Net sales of BRL$10.9 bn (US$3.4 bn) • +8.1% vs. Q316 in sales • +0.6% same store sales in Multivarejo • +25.2% growth in Assaí , with +7.7% growth in same store sales Assaí experienced the strongest combined growth in sales volum...
19 October 2017
France-based Carrefour said total sales rose 0.4% to €21.9 bn with a slowing rate of inflation, especially in its home market and Brazil, affecting its overall performance. However, the slowing rate of growth in its Western European markets underlines how its new chief executive, Alexandre Bompard, faces similar challenges to his predecessors. Sales fall in France, impacted by supermarkets ...