Cencosud news

28 May 2014
Cencosud has reported a 3% increase in revenues for the first quarter of 2014, driven by increased revenues from the supermarket, home improvement and department store businesses. Currency and Easter affect revenue growth Revenue growth for the period, which ended on 31 March, was affected by the deprecation of the Argentine peso against its Chilean counterpart, and the different timing of ...
12 May 2014
We bring you two seasonal innovations from Brazil to whet your appetite for the upcoming summer season. Keep track of your children on the beach Nivea's 'Anúncio Protetor' consists of a detachable strip on a Nivea magazine advertisement. Parents put this strip on their child's wrist and use their phone to set the distance they want to allow the child to roam. When the child exceeds this di...
31 March 2014
Cencosud has reported an 11% increase in net revenues for the fourth quarter of 2013, and 13% growth for the twelve months ended 31 December. Supermarket revenues in Q4 were up 10.4%, driven by the consolidation of the Colombian supermarket division, a net 34 new stores and positive same store sales in Chile and Argentina. Improvement in Chile Same store sales at supermarkets continued...
17 March 2014
You'll hear a lot about Brazil over the next couple of years, as the nation gets ready to host two of the biggest sporting events in the world: the 2014 World Cup and the Olympic Games in 2016. It's also an election year, with President Dilma Rousseff seeking another term in office this October. These factors, combined with economic improvements over recent years, are making it a growing focus fo...
27 February 2014
Cencosud has created a new corporate retail management team, upon the resignation of its supermarkets division managing director, to further improve profitability and efficiency. Departure of supermarkets division MD According to reports, the team will comprise the managing directors of Cencosud's supermarket operations in each country, as well as those of the DIY and department stores...
23 January 2014
The Argentine government has introduced restrictions on online shopping, as it seeks to stop its reserves of foreign currency falling further, while the Venezuelan government is implementing changes to its foreign currency system.  No more home deliveries Argentine customers buying from websites like eBay and Amazon will no longer have their purchases delivered to their home addresses. ...
10 January 2014
Chilean retailer Cencosud is to invest less in 2014 than it did in 2013, as it works on consolidating its Brazilian and Colombian operations. Does not mean that growth will stop The retailer said investment for 2014 will be around $425m, compared to £731m that was planned for 2013. Speaking to reporters, CEO Daniel Rodriguez said no new acquisitions or debt issues were planned for 2014: ...
05 December 2013
.style1 { text-align: center; } At IGD, we keep a close eye on innovations in the food and consumer goods industry around the world. Brazil is one of the world's largest grocery markets, worth over $360bn. With a population of 200 million, this is a country with huge potential. Here are some innovations that we've seen in Brazil, which are trying to capture consumers' attention in this dy...
19 November 2013
Cencosud has reported a 14% rise in revenue, in Chilean peso terms, for the third quarter of 2013, driven by supermarkets and a good performance in Chile and Argentina, but a fall in net profit. Positive revenue growth across region All divisions posted positive growth in revenue and Cencosud opened a net 11 stores across its operating markets. It pulled out Argentina as a highlight of ...
10 October 2013
Cencosud and Colombia's ministry of commerce, industry and tourism (MinCIT) have signed an agreement to support small businesses in Colombia. More space in-store for Colombian-made products The minister, Sergio Díaz-Granados, said the objective was to ultimately help the small and medium enterprises become suppliers to Cencosud's Jumbo and Metro outlets. The alliance includes workshops for...