Cencosud news

22 September 2016
Latest UN population forecasts show Latin America urbanising at a faster rate than anywhere else on earth, with 89% of the population set to live in urban areas by 2050. This is accelerating the focus on its cities, posing infrastructural challenges alongside expanded opportunities. What's a megacity and why is it important? Megacities, and others that are just below the megacity thresho...
15 September 2016
Cencosud this week held its latest analyst day in Buenos Aires, where it updated on its priorities across key markets. We took a number of key messages from the session. 1. The economic backdrop is improving in several key markets With more optimism and stability in Peru, the prospect of Brazil coming out of recession getting closer and an improved business landscape in Argentina (for examp...
09 September 2016
Cencosud has converted three supermarkets to the atacarejo format as it tries to turn around its struggling Brazilian business. Growth in cash and carry purchasing by consumers In its second quarter results Cencosud said revenues at Bretas, one of its supermarket businesses, were down 10.7% in local currency terms. It has been working to improve the product mix, but in some cases outl...
26 August 2016
Cencosud has reported improvement in its second quarter results, despite challenges around the economy and decelerating consumption. Revenues in local currency were up across all markets, except Brazil, although currency devaluations affected results in Chilean pesos. Encouraging signs in Brazil despite difficulties Cencosud's supermarket business posted revenue growth in local currencie...
24 August 2016
There's been an explosion of interest from the country's leading retailers in this area over recent years, with Carrefour and DIA both having expanded apace. Cencosud is the latest retailer to identify this opportunity, this week unveiling plans to open eight Jumbo proximity stores before the end of the year. This also sits alongside a thriving independent scene and a well-developed food-to-go ...
24 August 2016
Cencosud plans to open eight Jumbo proximity stores before the end of 2016. Concentrating on Buenos Aires Following a test period with a store in the city's north-eastern district of Retiro, the retailer is looking for more locations in the Capital and Gran Buenos Aires districts to open proximity stores. The projects are part of an investment of ARS600m (USD40m) this year; stores will be ...
28 July 2016
In this update, we look at what happened at retailers across the region in the second quarter of 2016, including results, format development, and new market entries. Mixed bag of results to date In Brazil, there seems to be no stopping Assaí as the atacarejo format reported 37.6% sales growth year-on-year for Q2. Proximity growth was also double digit for GPA Casino's e-commerce...
26 May 2016
Cencosud has called the first quarter of 2016 resilient, reporting revenue and same store sales growth across the region with the exception of Brazil. "Strong performance despite downturn in consumption" Supermarket sales were affected by currency devaluation in Argentina, Brazil and Colombia, falling 8.8% compared to Q1 2015. Improving store profitability remains a high priority and Cen...
12 May 2016
In the first of a two part series, we look at how leading retailers are targeting convenience and proximity growth in Latin America.  Next week we look at how those with specifically value-focused proximity formats - namely DIA, Walmart and Jerónimo Martins - are driving growth, while this week we look at how leading supermarket retailers - and OXXO - are targeting growth: Favourable growth dr...
20 April 2016
In this update, we look at what happened at retailers across the region in the first quarter of 2016, including results, expansion plans, new formats and restructuring. Good start to 2016 Grupo Éxito's growth accelerated, powered mainly by Colombia's positive economic environment. We look at how it plans to grow For Carrefour , like-for-like sales were up 9.9% in Brazil and ...