Brazil news and analysis

30 April 2020
Carrefour reported first quarter sales, with like-for-like (LFL) sales rising 7.8%. Although the performance benefited from ‘ precautionary purchases in March ’, driven by the coronavirus (COVID-19) pandemic and lockdown conditions in its European operations, the retailer enjoyed ‘ a solid performance in January and February ’. Quarter, especially March, affected by impact of coronavirus Ca...
09 March 2020
Eroski announced it launched over 50 franchised stores under several banners, including Eroski City and Eroski Center. Meanwhile, DIA Brazil appointed a new CEO to lead the restructuring process in the country. Separately, Consum has revealed growth for its Charter franchise, generating revenue of €320m in 2019. Eroski opens over 50 franchised stores in 2019 Eroski has revealed it launched ...
02 March 2020
In February 2020 DIA Group appointed Marcelo Maia as the new Executive President of DIA Brazil. Maia brings a wealth of local market knowledge, with over 20 years’ experience working in distribution sector.      Source: Linked In – DIA Brazil Maia to drive business transformation in Brazil DIA Brazil is going through a comprehensive business transformation. Maia will be at the helm ...
18 February 2020
Carrefour Brazil has reached an agreement to acquire 30 cash and carry stores from Makro’s Brazilian subsidiary. The transaction, which must still be approved by the domestic antitrust watchdog CADE is valued at BRL1.95 bn (US$450m). The move, which Alexandre Bompard (Carrefour Group’s chairman and CEO) has described as being “Carrefour Group’s most significant move in Brazil since the acquis...
30 January 2020
Carrefour Brazil has reported annual gross sales of BRL59.4 bn* (US$14.1 bn), a 11% growth year-on year. Q4 sales reached BRL16.8 bn* (US$4 bn), representing growth of 11.4%. The performance was driven by strong like-for-like growth of 7.6%. Q4 LFL sales for its core estate was 12.7% in Q4 (up from 8.8% in Q3), its highest quarterly like-for-like (LFL) growth in five years.  * ex-petrol ...
24 January 2020
France-based Carrefour said total sales, at constant exchange rates, rose 2.5% to €21.7 bn in its fourth quarter. Its performance in its home country, which were accentuated by market conditions, held back its overall growth, offsetting positive results in Europe, especially Spain, and Latin America, especially in Brazil. France: results affected by market conditions Carrefour reported tota...
24 January 2020
GPA has reported gross revenue of BRL59.1bn (US$14.2bn) for 2019, representing solid growth of 10.3%. In this article we explore five key themes underpinning its performance. 1. Atacarejo continues to drive solid growth GPA’s atacarejo (cash and carry) banner Assaí continues to be the business’s highest performing subsidiary. Assaí’s gross revenue reached BRL30.4bn (US$7.3bn) in 2019, repre...
10 December 2019
In June 2019, private equity business Advent International acquired an 80% stake in Walmart’s Brazil operations. Walmart maintains a 20% stake in the business, which has been renamed Grupo BIG. In early 2019 it announced its plans to invest BRL1.2bn (US$287m) into modernising and expanding stores over its first 18 months. For more information on the acquisition see our article . Rebrand...
05 December 2019
Cencosud has reported supermarket revenue of CLP1,670.3 tr (US$2.1 bn) in Q3. In local currency this represents a 0.6% increase. The slight growth was driven by revenues in Argentina, Chile and Colombia, but partially offset by Brazil and Peru. In constant currency, revenues increased by 6.9%. This reflects the depreciation of the Argentine peso and Colombian peso against the Chilean peso. Pl...
12 November 2019
In the first nine months of 2019 DIA closed 757 underperforming stores across the group. Most of these closures were in Brazil (313) and Spain (374). In Brazil closures consisted of 44 DIA owned stores and 269 franchised sites. In 2019 DIA has embarked on a large-scale de-franchising process to improve the quality of its franchisee network. At the start of the year franchises accounted for 5...