Cencosud news

10 October 2017
Cencosud has seen an improved performance in Q2 2017. This is despite slow economic activity in the region. Here we assess what is happening in each market, and take a closer look at Cencosud’s future focus on e-commerce. Total year on year revenue results • Cencosud overall business +3.2% • Supermarkets overall +1.9% • Argentina +5.0% • Chile +3.9% • Brazil +1.0% • Peru -3.0...
31 August 2017
We look at Cencosud’s second quarter results and its plans to sell off assets due to the challenges it faces in Latin America. Supermarkets: lowest performance of the Group The Cencosud Group’s year on year revenue was CLP 2,586m (US$4.1m) a +3.2% increase. For supermarkets this was CLP1,863m (US$2.9m) a +1.9% year on year. This was the lowest performance of the whole group. Results were...
31 May 2017
As Cencosud’s Q1 results show a challenging start to 2017, we look at its different strategies for each country and its plan to combat the challenging Latin American market. Chile: expanding online Chile saw same store sales of -0.1%. As Cencosud’s most mature market, Chile’s performance is critical to the businesses’ overall success. Chile has high internet penetration and Cencosud is fo...
27 April 2017
Amidst a raft of recent retailer activity, we take a closer look at how the convenience channel is expanding in Chile.  Shopping more frequently for smaller purchases   Walmart and SMU have both spoken about recent changes in shopping habits across Chile, as customers shop with greater frequency, and in smaller stores. This is being driven by changing lifestyles, and follows trends exper...
08 March 2017
As Cencosud releases trading figures for Q4 2016 that show a slowdown from 2015, we look at performance in its supermarket division across its five Latin American markets. Overall group in Q4: Local level growth offset by currency shifts Chilean retailer Cencosud's fourth quarter revenues fell by 6.5% compared to Q4 2015. While they increased 7.0% at constant exchange rates, there wer...
12 January 2017
We share the latest, biggest, stories in Latin American grocery retail. 1. Assaí: annual sales growth close to 50% Ahead of GPA releasing fuller sales data, CEO Belmiro Gomes has spoken in a media interview about the strength of performance at Assaí, its atacerejo, cash & carry style format which is now the single biggest grocery format for the retailer. The 13 stores opened last year took t...
05 January 2017
Peru is often overlooked among the market opportunities in Latin America. However, with over 30m consumers, rising GDP and a relatively stable political and economic outlook, there are many reasons to look more closely at Peru as a land of opportunity. Economic fundamentals supporting grocery market growth While income - and spend levels - per capita in Peru remain below those of neighbourin...
24 November 2016
Cencosud has reported good strategic progress in key markets across its supermarket business in Q3, though overall performance was impacted by currency depreciation. Here we share our key takeaways. Significant new online initiatives Cencosud continued online grocery expansion across key markets, with Colombia and Argentina singled out for particular focus. Chile is the retailer's most ma...
25 October 2016
In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...
06 October 2016
We round up some of the latest format developments from key players as they look to capture new growth opportunities. 1. Carrefour Maxi (cash and carry), Argentina You can't afford to ignore cash and carry - one of the main growth channels in Argentina. At the moment, the key players are local chains like Vital and Maxiconsumo, but Carrefour is increasing activity. With a small base ...