Brazil news and analysis

06 June 2019
Brazil-based drugstore operator, RaiaDrogasil, reports 15.3% revenue growth to BRL4.2bn (US$1.1bn) in the quarter from 1st January 2019 to March 31st 2019. Boosted by new store openings RaiaDrogasil reports 15.3% revenue growth to BRL4.2bn (US$1.1bn)in the quarter from 1st January 2019 to March 31st 2019. The retailer also achieved a LFL growth of 5.6% in Q1. The strong result was booste...
07 May 2019
GPA has announced consolidated sales growth of 12.4% for Q1, despite an unfavourable Easter calendar effect. It also reported same-store sales (SSS) growth of 7.5% and said that it had seen its strongest customer traffic growth in several periods. GPA has been optimising its store portfolio for all its multivarejo (all non-cash and carry formats) stores to better meet changing customer deman...
01 May 2019
Carrefour Brazil’s gross sales for Q1 2019 rose by 9.9% to BRL14.2bn (US$3.6bn), despite an unfavourable Easter calendar effect. Like-for-like (LFL) sales were up 6.6%, the best LFL performance since Q1 2017. Sales were boosted by the solid performance of Carrefour's Atacadão cash and carry format, as well as four new openings in the banner. The higher annual food (6.5% in Q1 2019 vs. 4.1% Q...
25 April 2019
France-based Casino has reported first quarter results saying same-store sales rose 3.0% at a Group level. A flat performance in its home market, with same-store sales, including Cdiscount, contracting by 0.1%, was offset by its performance in Latin America, especially Brazil. Casino highlights ‘strong growth in buoyant segments’ in France Casino reported total sales in France fell by 3.3%,...
23 April 2019
Chile-based Cencosud are one of the top five grocery retailers in Latin America, with operations in Argentina, Brazil, Chile, Peru and Colombia. The business has announced plans to invest US$300m in 2019, of which 50% will be invested into new and remodelled stores. A third will be invested into enhancing its ecommerce business.   Cencosud forecast consolidated revenues of US$15,194m for 2019 ...
02 April 2019
In partnership with Carrefour, Zaitt has opened a 24-hour convenience store in São Paulo, which is fully autonomous, requiring no cashiers or members of staff. This is in line with Carrefour Brazil’s strategy of partnering with startups and growing its digital capabilities in the country. Paula Cardoso, CEO of Carrefour eBusiness Brazil, said: “As we do globally, we will be partnering wit...
02 April 2019
Carrefour Brazil has announced it is expanding its partnership with Colombia-based Rappi to grow its online capabilities and reach further in the country. Expansion aimed at helping Carrefour reach 2019 targets Carrefour Brazil has said it wants online to account for 30% of its total sales by the end of 2019. The expansion of its agreement with Rappi will play a major role in its attempts t...
05 March 2019
Carrefour’s Brazil business has reported strong quarterly and full year results for 2018, cementing its position as Brazil’s largest food retailer. The retailer said it continues to strengthen its multi-channel portfolio and quicken the pace of expanding its Atacadão banner. “Grupo Carrefour Brazil maintained its leadership in Brazil's food retail market in 2018 with a very strong performance...
26 February 2019
Casino-owned, Brazil-based GPA has announced strong Q4 and full year performance. GPA said it continues to grow market share through expanding and enhancing its multi-channel store portfolio to better meet consumer demand. “Our multi-channel, multi-format and multi-region portfolio, combined with the optimization of our store portfolio through conversions, renovations and new concepts, has en...
11 February 2019
Spain-based DIA has reported its 2018 results, with gross sales under banner falling by 14.9% - a contraction of 0.9% in constant currency terms – to €9.39bn. The retailer reported that group like-for-like sales fell by 3.6% in 2018, adjusted by inflation in Argentina, versus a contraction of 4.9% in 2017. At the end of 2018, DIA operated a total of 6,157 stores with 336 store openings and 280 cl...