We review Costco’s fourth quarter and full year results and the challenges it is seeing with higher costs, shipping capacity and labour shortages. Fourth quarter and full year key numbers Q4 total revenue up 14.8% to $62.7bn, with full year revenue up 17.5% to $196.0bn Comparable sales for the quarter (ex-fuel and currency impacts) up 9.4%, including up 10.3% in the US, 6.7% in Canada...

Quick commerce is becoming increasingly competitive in Latin America. The sector is currently dominated by local operators, including Rappi, Cornershop (recently acquired by Uber), and iFood. These businesses have profited from their local know-how, such as understanding consumption habits and knowledge of LatAm’s complex road networks, which is fundamental for logistics and delivery.   This y...

Walmex (Walmart Mexico) is the leading grocery retailer in Mexico, where it operates close to 2,700 stores. In November 2020, it launched its new Walmart Express supermarket banner and announced plans to convert all stores under its premium Superama banner to the new format, in addition to opening new stores. During the pandemic, shoppers have been seeking value and they increasingly wan...