All South America articles – Page 3

  • News

    Amazon ventures into Brazil with


    Amazon has made its first foray into Brazil with the launch of ebook site The site offers more than 1.4 million Kindle books priced in Brazilian Reals, including more than 13,000 Portuguese-language titles. Amazon says its Kindle ereader will be available within weeks priced at BRL299 (£89). Meanwhile, Brazilian ...

  • News

    Grupo Pão de Açúcar posts sales growth


    Casino’s Brazilian operation Grupo Pão de Açúcar posted sales growth of 8.7%, or 7.1% in like-for-like terms, to BRL13.7bn (£4.17bn) for the third quarter of 2012. According to the retailer, it was mainly because of the strong performance of the Assai, Minimercado Extra and Ponto Frio banners.

  • News

    Construction begins on The Mall of San Juan


    Construction has begun on a new luxury mall that will bring Nordstrom and Saks Fifth Avenue to the US territory for the first time. The Mall of San Juan is being built near the main international airport and represents a $405m (£250m) private investment.

  • News

    UK and Germany named 'easy' markets for expanding retailers


    The availability of prime locations, the maturity of the retail property and an open business environment make the UK the second easiest market for retailers seeking to expand, according to a new report.

  • The country’s famous flip-flop brand Havaianas

    Analysis: Why have so few retailers entered Brazil?


    As the countdown to the Rio Olympics begins, Rebecca Thomson looks at the country’s retail industry and asks why few UK retailers have ventured into one of the world’s largest economies.

  • News

    Amazon plans to launch Kindle technology in Brazil


    Amazon plans to launch its Kindle e-reader and an online Kindle bookstore in Brazil during the fourth quarter to benefit from a growing ecommerce market. It is thought that a launch may be limited to Kindle ebooks initially in order to minimise the risks associated with rolling out a ...

  • Carrefour

    Challenges await the new Carrefour chief executive


    In Lars Olofsson’s last full quarter as chief executive, French grocery giant Carrefour reported a 0.9% rise in first quarter sales excluding fuel, at constant exchange rates, to E22.5bn (£19bn).

  • News

    Walmart to focus on expanding existing operations


    Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities. Walmart highlighted it has no plans at present to enter Russia but said ...

  • News

    Casino to take full control of Brazilian supermarket chain


    French retailer Casino has started the process to take full control of Brazilian supermarket chain Companhia Brasileira de Distribuição SA (CBD). Casino said it had informed Abilio Diniz, head of the Diniz Group, which currently controls CBD, of its decision to exercise its right to appoint the chairman of ...

  • Topshop

    How can IT drive international expansion?


    How can retailers expanding into new international territories ensure sales aren’t hampered by IT headaches? Alison Clements reports on how EPoS systems can be rolled out globally.

  • News

    Gap opens its first store in Panama


    Fashion retailer Gap has opened its first stores in Panama and plans to expand into Colombia, Uruguay and Peru as it increases its presence in Latin America over the next two years. The retailer opened one Gap store and a Banana Republic shop in Panama City, marking its first ...

  • Casino is having a tough time at home but Brazil and Colombia are doing well

    Emerging markets drive profits growth at Casino


    French grocery group Casino reported strong results for 2011 last week, boosted by overseas operations.

  • News

    Inditex opens first Zara store in Peru


    Inditex has opened its first Zara store in Peru in the capital, Lima. The shop is in the Jockey Plaza shopping centre, has a sales area of 19,375 sq ft and stocks collections produced for the southern hemisphere.

  • News

    Grupo Pão de Açúcar reports net sales increase


    Casino-owned Grupo Pão de Açúcar has reported a 21.2% increase in net sales to BRL13.4bn (£4.9bn) for the fourth quarter. Total sales for 2011 jumped 45.2% to BRL46.6bn (£17.1bn). Despite weaker demand amid the economic slowdown, like-for-like gross sales at the grocery retailer’s food division rose 8.7%, the highest quarterly ...

  • Kingfisher

    Which are the most exciting emerging markets?


    So where will you head off to in 2012? To help plan your international forays this year, Rebecca Thomson considers some of the most exciting emerging international retail markets in the most unlikely of places.

  • News

    Amazon continues international expansion


    Amazon plans to continue its international expansion by launching operations in Latin America in 2013, according to local press. Although the etail giant has not confirmed plans, Kindle content director Pedro Huerto was quoted telling delegates at a book fair in Santiago, Chile, that Amazon expected to enter the ...

  • News

    Celesio sets sights on Latin America acquisitions


    German pharmacy retailer and wholesaler Celesio has set its sights on more acquisitions in Latin America to offset sluggish growth in its home market. Chief executive Markus Pinger revealed the plans and said that he would expect to be ready to expand in 2013 and 2014 – giving the company ...

  • News

    Casino-owned Exito reports net profit increase


    Casino-owned Exito has reported net profit of COP58.8bn (£19.52m) in the third quarter, 59% more than the previous year. The grocery retailer’s operating profit increased 18.7% to COP74.5bn (£24.74m), while sales rose 15.6% to COP2.03trn (£1.01bn). Exito opened 36 new stores in the first nine months of the year, reaching ...

  • News

    Carrefour not looking to sell Brazil unit


    International grocery chain Carrefour is not looking to sell its Brazil unit, Carrefour chief executive Lars Olofsson said. “Carrefour in Brazil is not for sale. I’m not talking with Walmart ,” Olofsson said. Last week, French newspaper La Tribune reported that Walmart had hired financial services company UBS to ...

  • News

    Walmart hires investment bank to advise on potential takeover


    Walmart has hired investment bank UBS to advise on a potential takeover of Carrefour ’s Brazilian subsidiaries, according to reports. Both Walmart and Carrefour have remained tight-lipped about the rumoured takeover, but it is understood that Walmart is assembling a team of expert advisers prior to making a bid. ...