All South America articles – Page 4
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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 region. ...
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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 ...
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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 a total ...
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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 advise on a ...
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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.Talk of a takeover ...
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Casino’s board rejects planned merger
Casino’s board has rejected the planned merger of Brazilian hypermarket and supermarket operator Grupo Pão de Açúcar – in which the retailer has about a 40% stake – with French competitor Carrefour.On the back of the news, the Brazilian state development bank said it was pulling its $3bn (£1.9bn) investment ...
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International expansion for Netfix
Netflix is to launch its subscriber video streaming service across 43 countries in Central America, South America and the Caribbean this year, marking the next phase of its international expansion. The company said that customers in those regions will gain access to local and foreign TV programmes as well as ...
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AnalysisBattle for Brazil heats up with Carrefour merger
Carrefour’s board has signed off on a plan to merge its Brazilian assets with the local grocery market leader Grupo Pão de Açúcar (GPA), in which its French rival Casino Group has a minority stake.
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French retailer Casino raises its stake in Brazil's largest retailer
French retailer Casino has raised its stake in Brazil’s largest retailer Companhia Brasileira de Distribuiçao to 37% after buying 3.3% of the company’s shares on the market. Companhia Brasileira de Distribuiçao is jointly controlled by Casino and the Diniz family through a 50:50 joint venture holding company called Wilkes. A ...
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Amazon to enter Brazil
US ecommerce giant Amazon is planning to enter Brazil during the second half of 2011.
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NewsBurberry plots store refits and international flagship openings
Luxury retailer and brand Burberry is to plough £80m into store refurbishments this year and focus on high-profile flagship openings after reporting a surge in profits.
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NewsNo downturn for Burberry as sales soar in final quarter
Luxury British retailer and brand Burberry expects earnings to come in at the top end of expectations after a strong final quarter.
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NewsBigger role for Sunnucks as Gap picks London as its non-US base
US fashion giant Gap is to take advantage of the UK’s “great retail talent” by making London its new international hub as it improves efficiencies across the business.
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NewsMothercare to make play for South America
Mother and baby specialist Mothercare aims to expand into South America as it ramps up its international operations.
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Exito launches new electricals format
Casino-owned Exito has launched a new format specialising in electronics.The banner, called Exito Tecno, opened in Bogotá and has a total sales area of 30,140 sq ft. It will offer computers, audio equipment, video games, large and small household appliances and musical instruments. Books, magazines, music and DVDs will also ...
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AnalysisNRF: Polar opposites
The big topic at this year’s NRF convention was the polarisation of global retail. Joanna Perry reviews the key themes, while on page 24, Rebecca Thomson examines the top technological innovations on show
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NewsSir Philip Green to take Topshop to Brazil
Arcadia tycoon Sir Philip Green is to take Topshop to Brazil as part of an ambitious overseas expansion programme.
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Walmart in Brazil cuts prices of 2000 items by up to 20%
Walmart has adopted an EDLP pricing model at its Brazilian operations with immediate effect. Dubbed Preço Baixo Todo Dia, the introduction of the scheme resulted in the prices of 2,000 items being cut by up to 20%.Walmart has also ended its Bomclube loyalty programme in Brazil as part of the ...
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Venezuelan government to acquire 80.1% stake in Cativen
France-based retailer Casino has confirmed the government of Venezuela is to pay $690m (£444m) for an 80.1% stake in its local retailer Cativen, and that it has signed a partnership agreement with the government.As part of the agreement, Casino will retain 19.9% of the company and continue to provide operational ...
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Exito works with Dunnhumby to better understand customer behaviour
Casino-owned Colombian retailer Exito has announced that it is working with Dunnhumby to better understand consumer behaviour in its stores. The Tesco-owned market research company will be working with the information generated by the Puntos Éxito and SuperCliente Carulla-Pomona loyalty cards.