Brazil news and analysis

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...
29 January 2019
Amazon has launched an in-house fulfilment and delivery network in Brazil. Till now Amazon in Brazil has predominantly sold only books and acted as a marketplace for third parties selling electronic and household items.  Fulfilling products across 11 categories From Tuesday 22 January 2019, the business has stocked and fulfilled products itself. Amazon is offering products across 11 categ...
23 January 2019
In its preliminary results announced on 21 January 2019, Carrefour Brazil has reported a 10.2% sales growth for Q4. This is the retailer’s fourth consecutive quarter of sales growth. First double-digit sales growth in since Q4 2016 Carrefour Brazil has reported consolidated gross sales of BRL56.3bn (US$15bn) in 2018. Fourth quarter sales represent BRL15.8bn (US$4.2bn). This is a 10.2% incre...
17 January 2019
Brazilian-based, Casino-owned GPA has seen an encouraging double-digit sales growth in its fourth quarter, following heavy investment in its store portfolio.  A strong December and increased same-stores sales contribute to overall performance GPA announced a 12.1% year-on-year increase in net sales revenue for its food division in Q4. This strong sales performance follows an equally strong ...
21 December 2018
Carrefour has achieved its aim of opening 20 new Atacadão stores in Brazil in 2018. It currently has 166 atacarejo stores and 27 wholesale delivery stores under the Atacadão banner. Plans to continue aggressive expansion plan in coming years Carrefour will continue its aggressive expansion of the format having announced plans to open 20 stores annually, for at least the next three to four y...
12 December 2018
Our new grocery market size forecasts underline how the top 20 countries globally are set to sustain their growth to 2023. By the end of the five-year timeframe we see the 20 biggest grocery markets, growing by 28%, adding US$1.9tr in sales. Asia leading growth outlook… Asia’s growth will be broad based. The region will contain seven of the world’s largest grocery markets by 2023 and will...
07 December 2018
In a bid to drive innovation, DIA has made new appointments to its senior management team, hiring "the best". CEO Antonio Coto aims to make DIA more agile and capable of anticipating the needs of the markets in which it operates, whilst having a more innovative and attractive proposition. The appointments After suspending the previous finance director, Armando Sánchez Falcón in October and ...
06 December 2018
Currency volatility and reduced consumer spend have proved challenging for Chile-based Cencosud, who appointed a new CEO and new regional business leaders during Q3. We dive further into the retailers Q3’s results and its performance in all its markets. The currency depreciation of the Argentine peso and Brazilian real against the Chilean peso have been the biggest contributing factor to an -8...
21 November 2018
Casino-owned, Colombia-based Grupo Éxito has released its Q3 results. The retailer reported an increase in consolidated net revenue of 9.5%, to US$4bn, before adjusting for exchange rate differences. The group recorded growth in each of its four operating countries; Argentina, Brazil, Colombia and Uruguay. At the end of the quarter, Grupo Éxito had a total of 1,536 stores; 29 in Argentina, 870...
19 November 2018
GPA has partnered with start-up Cheftime as part of its strategy to accelerate food delivery, while the retailer has also signed an agreement with Livelo to increase its ecommerce business. Cheftime partnership to create meal kits… GPA has announced a partnership with start-up Cheftime, which offers an online meal kit subscription service. The partnership entitles GPA to acquire a controlli...