Brazil news and analysis

12 September 2019
Amazon has rolled out its Prime membership service in Brazil, as it looks to further develop its offer in the market. Largest benefit offering yet The new service will hopefully drive increased loyalty for the online retailer, opening up what it describes as an the “ largest benefit offering ever made available in programme launches in 14 years of history”. Services available to those that...
22 August 2019
Private equity firm Advent International acquired an 80% stake of Walmart’s Brazil business in June 2018 for US$4.5bn. The business has just announced that the Walmart brand will be removed from its supermarkets by June 2020 and the retailer will operate under its new name ‘Grupo BIG’. In May 2019 Walmart told Reuters that it would end its ecommerce operations in Brazil to re-focus on its bric...
14 August 2019
Cash and carry continues to be one of the fastest growing channels in Latin America. The stores have been particularly successful in Brazil and we are starting to see major retailers open an increasing number of them in other markets across the region. The following article focuses on cash and carry growth in Brazil, Argentina and Colombia. Brazil Brazil remains the dominant market for ca...
01 August 2019
GPA has reported gross revenues of BRL$14.2bn (US$3.7bn) for Q2, an 11.3% year-on-year (YOY) increase. This is despite comparative like-for-like performances being affected by a slower recovery of the economy and a particularly strong comparative sales performance in 2018 as a result of the football world cup.   Assaí accounts for over 50% of gross sales In Q2 gross sales for GPA’s Assaí ...
31 July 2019
Carrefour Brazil has reported consolidated sales of BRL15.3bn (US$4bn) for Q2 2019. Gross sales accelerated from +9.9% in Q1 to +13.5% (ex-petrol) in Q2. Like-for-like (LFL) sales were +7.7%, more than double what they were in Q2 2018. Sales for Carrefour Retail grew by 10.6% demonstrating how Carrefour’s 2022 transformation plan and Act for Food strategy are successfully driving spend in it...
26 July 2019
France-based Casino has said its consolidated net sales rose by 1.1% in total, to €8.988 bn, with same-store sales up by 2.3%. The retailer’s performance was driven by the continued strength of its Latin America-based operations, with support coming from its stores in France and Cdiscount. Separately the retailer highlighted several highlights it had generated in the first half. For our look a...
26 July 2019
Carrefour continued to spotlight the positive effect of its strategic initiatives as it announced its Q2 results, which showed an acceleration in group like-for-like sales growth. The retailer said like-for-like sales growth was 3.9% in Q2, versus 3.2% in Q1, driven by its supermarkets and convenience stores in France and operations in Eastern Europe and Latin America. Hypermarkets hold back p...
18 July 2019
Brazilian retailer GPA, part of the Casino Group, plans to open its first store testing advanced payment technologies including facial recognition and “scan & go” in 2019. This will be trialled in a Minuto Pão de Açúcar convenience store in São Paulo and the business expects it to open before December. The technology has been developed by Microsoft. The initiative is in line with GPA’s wider...
09 July 2019
Over the last 18 months, we have seen a growing trend for the major grocery retailers in Brazil to shift their focus towards promoting healthy, fresh and organic products. There is an increasing consumer demand to buy healthier and natural products. Carrefour and GPA (part of the Casino Group) have addressed this by implementing dedicated health-food zones in their stores and in both cases, ...
03 July 2019
France-based Casino has announced plans to restructure its Latin American operations. The changes will see it control its Latin America-based business divisions in Argentina, Brazil, Colombia and Uruguay through a 41.5% stake in Brazil-based Grupo Pão de Açúcar (GPA).  GPA to acquire all shares in Éxito Through an all-cash tender, GPA will acquire all shares of the Colombia-based Éxito. The...