Brazil news and analysis

26 May 2021
Chilean-based retailer Cencosud is rolling out a 35-minute delivery service (Spid35) in all of its operating markets (Argentina, Brazil, Chile, Colombia, and Peru). Rapid deliveries are made possible through the use of its own dark stores and through strategic partnerships with some of the regions’ largest last mile delivery businesses. Having launched the proposition earlier this year (Januar...
10 May 2021
Casino said net sales fell by €1.1 bn to €7.1 bn in Q1 2021 versus the year before. Net sales fell by €467m in France, where strong growth at Cdiscount offset challenges elsewhere, while they decreased, in euro terms, by €680m in Latin America. However, the retailer noted the sharp improvement in its profitability during the quarter, with its EBITDA rising by €22m to €429m, driven by its on-going...
23 April 2021
Carrefour reported turnover rose 2.2%, at constant exchange rates, to €18.56 bn. Its performance in Latin America and Asia drove top line growth, while in like-for-like terms the retailer saw a benefit from its operations in France and Latin America. Its first quarter results enabled it to confirm its operational and financial objectives, which it laid out as part of its 2022 strategic plan. T...
07 April 2021
At the end of March 2021, Carrefour Brazil opened its first two fully autonomous stores. The stores use scan & go technology, which Carrefour is using in 40 Express stores, however these are its first unstaffed stores. "We already have 40 stores with the scan & go system. Our innovation area is conducting robust work to create an ecosystem that connects all of our businesses in one applicatio...
07 April 2021
DIA said as part of its 2020 FY results its consolidated sales increased by 0.2% to €6,882m, compared to 2019. DIA continues to make improvements DIA’s sales increased 0.2%, despite a decrease in its store network by 6.9%, across Spain, Portugal, Brazil, and Argentina. The group achieved the sales increase despite the headwinds of tourism levels in Spain and Portugal being low due to COVID-...
24 March 2021
In June 2018, private equity firm Advent International acquired an 81% stake in Walmart’s Brazil business for US$4.5 bn, with Walmart retaining a 19% stake. The retailer was renamed Grupo BIG. Carrefour Brazil has now reached an agreement to acquire Grupo BIG from Advent International and Walmart. The proposed acquisition would cement Carrefour’s leadership position in the market. The trans...
17 March 2021
Autonomous stores are a growing trend we are seeing globally. Since the start of the pandemic, customers have preferred to shop in stores closer to their home. The compact size of autonomous stores enables businesses to open units that are closer, making them a convenient and safer option. Here we explore three autonomous store concepts we have seen in the region.  Oxxo Smart, Mexico ...
08 March 2021
In 2020, wholesale retailer Makro (owned by Dutch private trading group SHV Holdings), celebrated its twenty fifth year of operating in Colombia. While Makro has recently scaled back its operations in other Latin American markets, Colombia remains a market of strategic importance for the business. Over the last year it has made some significant changes to its store model to better align to cus...
22 February 2021
Historically, across Latin America food-to-go has not been a particular hot spot for product innovation and the category is often uninspiring. This is possibly due to the vibrant street food culture in the region, which is readily available, fast to produce, delicious and affordable. However, in the last year we have started to see early signs of innovation in the category. Despite these dev...
18 February 2021
Announcing its full year results, Carrefour has reported like-for-like sales growth of 7.8%, as sales, including VAT, reached €78.6 bn. The retailer also saw an improvement in its recurring operating margin, which increased to 3.1%, from 2.9%, with its recurring operating income rising by 16.4% to €2.1 bn. France: Carrefour enjoys strongest growth in almost 20 years In its home market Carre...