Cencosud news

13 April 2016
With Cencosud now having released trading performance for all of 2015, we share our outlook for the retailer. A year of solid progress for Cencosud The 2015 performance brought a lot of encouragement. At a group level, sales grew by a modest 2.6% to reach CLP10,991bn (USD15.9bn), but this figure alone understates the progress made in the year, with strong profits growth (operating income gr...
11 April 2016
Cencosud has opened a new Jumbo proximity store concept in Buenos Aires, Argentina. First Jumbo under 300 sq. m Located in an area with a high population density, on calle Arenales 870, the retailer has invested ARS12m (c.USD829,182) in the 270 sq. m store. It focuses on fresh products and meal solutions. Model will be rolled out Matías Videla, general manager of Jumbo Argentina,...
31 March 2016
Industry body ABRAS has revealed the much anticipated rankings of total sales for 2015. Here’s what we took from them. 1. A tough market as shoppers switch to atacarejo Sales volumes at supermarkets and hypermarkets dipped by just over 1% in 2015, following a sustained period of growth since 2003. By contrast, the growth impetus in atacarejo strengthened, with sales volumes showing double-...
04 February 2016
Latin American powerhouse Cencosud plans to invest USD2.5bn over 2016 - 2019. Increasing efficiencies, enhancing its omnichannel strategy, and remodelling stores all featured as part of a future focused plan announced this week.  Increasing efficiencies to boost profitability Cencosud began working on improving infrastructure, IT and logistics in 2015 as it seeks to generate savings and ...
19 January 2016
In this update, we look at what happened at retailers across the region in the fourth quarter of 2015, including expansion, refocusing, and quarterly results. Expansion to continue in 2016 Soriana and La Comer agreed to the conditions imposed upon them by the competition authorities in Mexico, in relation to the acquisition of La Comer stores Falabella announced its 2016-19...
17 December 2015
We look at how leading global and regional retailers are targeting expansion in this benchmark Latin American market. Chile in context: Nestling against the Pacific, the country clings to the edge of the continent, and looks perhaps towards Europe and North America more than other Latin American markets for inspiration. Economically, it's in a more robust position than most Latin Am...
09 November 2015
Cencosud is looking at bringing forward the IPO of its shopping centre division, as it seeks to reduce debt and increase profits. IPO set for mid-2016 Cencosud approved the preparation of a potential IPO in its shopping centre business, involving activities including hiring consultants and preparing information for investors, last year. Cencosud would retain a majority stake. According ...
05 November 2015
As Cencosud considers further diversification, studying a joint venture with Scotiabank to develop a credit card business in three of its markets, we look at three reasons why Cencosud is one to watch in Latin America.   1. Leading position in the region Cencosud is one of the largest retail conglomerates in Latin America and is present in five markets: Chile, Argentina, Brazil, Colombia ...
20 October 2015
In this update, we look at what's been happening at retailers across the region in the third quarter of 2015, including expansion, restructuring, loyalty scheme developments and in-store activity with suppliers. Mixed results, with Brazil proving a tough market Carrefour said its increasingly multi-format strategy in Brazil drives positive growth, with like-for-like sales up 7.4% i...
03 September 2015
As Cencosud reduces the value of its assets in Brazil, as a result of deterioration in market and macroeconomic conditions, we look at how other retailers are faring in the market. Cencosud committed to Brazil despite difficulties Cencosud made the announcement as part of its second quarter results presentation, during which it revealed that revenue and supermarket same store sales dec...