Retailers/Cencosud/News

Cencosud news

20 May 2022
In January 2021, Cencosud announced significant new investment plans, with a projected spend of US$1.8 bn between 2021–2023. The bulk of this was to be invested in refreshing its existing estate and expanding its store network. Then in Q4 2021, Cencosud registered a request for an IPO with the Securities and Exchange Commission (CVM), for the primary distribution of shares. Funds raised would ...
23 March 2022
Chilean retailer Cencosud, which operates grocery stores in Chile, Argentina, Brazil, Colombia and Peru, is expanding its ‘Spid’ store concept across the region. This unique format comes in the form of both dark stores (therefore used for fulfilling online orders) and hybrid stores which act as both a convenience store and a hub for picking online orders.    Expanding across LATAM Cencosud ...
26 May 2021
Chilean-based retailer Cencosud is rolling out a 35-minute delivery service (Spid35) in all of its operating markets (Argentina, Brazil, Chile, Colombia, and Peru). Rapid deliveries are made possible through the use of its own dark stores and through strategic partnerships with some of the regions’ largest last mile delivery businesses. Having launched the proposition earlier this year (Januar...
22 January 2021
Cencosud S.A. is a Chilean-based multi-format retailer with operations in Argentina, Brazil, Chile, Colombia, and Peru. The business has announced plans to invest US$1.8 bn between 2021–2023. This will be mostly invested in renovating and constructing stores, as well as developing technology and launching a new proximity supermarket banner. Heavy investment in renovating and constructing new s...
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 ...
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...
12 September 2018
Chilean based retailer Cencosud continues to experience challenges in 2018, leading to decreasing revenue. We look at its Q2 results in more detail. This includes each markets performance and how it plans on improving results through delivering a strong omnichannel proposition. Challenging start to the year Cencosud's Q2 results follow the pattern of  Q1 with declining performance due ...
07 June 2018
Chilean-based retailer Cencosud reported a challenging start to 2018 with mixed overall results heavily impacted by currency fluctuations. Adjusted EBITDA grew by 7.0%, while at a group level sales in Chilean Pesos declined by 4.0%. The sales dip in supermarkets was -5.7%, though this contrasted with performance as measured local currency performance, up 5%. The key drivers of stronger profita...
08 March 2018
After three quarters of decline Chilean-based Cencosud saw sales increase by 5.6% in Q4. This put the retailer’s sales performance in positive territory for the year, up 1.2%. We look at the results in more detail and the retailer’s strategy going forwards. Sales driven by non-food Turnover for Cencosud in 2017 was CLP1.96bn (US$3.2bn). The year’s results were driven by a positive Q4, with ...
12 December 2017
Cencosud will invest more into the Peruvian market, targeting the online channel and the expansion of its premium format Wong Gourmet. Targeting a young population online Cencosud is looking to double its sales through its online grocery channel. This is through attracting new shoppers. It is targeting the population aged between 25 and 40. Online is at an early stage of development in Peru...