All South America articles – Page 5

  • News

    Falabella Q2 sales up 19.5%

    2010-09-08T09:34:00Z

    Retailer Falabella has reported sales of CLP1.09trn (£1.22bn) for the second quarter ended July 31, 19.5% higher than in 2009. The main reason behind this increase in sales was believed to be the recovery in the levels of consumption in South America. profit reached CLP95.5bn (£124.7m), up by ...

  • News

    CVS to roll out Redbox DVD rental kiosks

    2010-08-12T11:25:00Z

    Drugstore operator CVS will roll out Coinstar’s automated Redbox DVD rental kiosks at locations across its mainland US, Puerto Rico and Longs Drug outlets in Hawaii. The roll-out, which follows a successful pilot programme, will start this quarter with about 700 installations by the end of this year and is ...

  • News

    Grupo Pão de Açúca to roll out Extra Supermercado fascia

    2010-08-12T11:08:00Z

    Grupo Pão de Açúcar is to convert 170 CompreBem and Sendas supermarkets to a new fascia Extra Supermercados, by the end of 2011. 16 stores have already been converted, comprising 10 CompreBem in São Paulo and six Sendas in Rio de Janeiro. The retailer plans to convert 61 stores by ...

  • News

    CVS Q2 revenues increase by 3.7%

    2010-08-05T00:00:00Z

    Drugstore operator CVS reported revenues in the group’s retail pharmacy segment increased 3.7% in the second quarter to $14.3bn (£9.7bn), with total same-store sales increasing 2.1% over the prior year. Pharmacy same-store sales increased 2.9%, helped by continued growth of its Maintenance Choice prescription offer. Front store same-store sales increased ...

  • News

    LVMH to acquire 70% of Brazil’s Sack’s

    2010-07-07T16:09:00Z

    France-based luxury and specialty retail group LVMH is to acquire a 70% stake in Sack’s, a leading online retailer of fragrances, cosmetics and toiletries in Brazil. The operation will form part of the group’s beauty store operation, Sephora, and the acquisition will mark Sephora’s entry into the Brazilian market. Sephora ...

  • News

    Carrefour to open its first cash-and-carry outlet in Argentina

    2010-06-24T12:11:00Z

    Carrefour will open its first cash-and-carry outlet in the country later this year, adding to its Express y Mini convenience stores and local hypermarkets. The retailer will use the Brazilian brand Atacadão, which it has already exported to Colombia. The first Argentinean Atacadão will open before the end of the ...

  • News

    D&S rolls out 600 new private-label products

    2010-04-28T13:44:00Z

    Walmart ’s Chilean division D S has rolled out more than 600 new and reformulated private-label products, including the debut of Walmart’s Great Value private-label range in the country. According to D S, the Walmart private-label range has been imported “to have a better range of products at a great ...

  • News

    Government seeks control of Casino Group Venezuela operations

    2010-02-19T00:00:00Z

    The Latin American country hopes to acquire majority control of Casino Group’s operations in Venezuela. President Hugo Chavez announced that negotiations, following the expropriation order he issued to Casino last month, have led to Casino offering to sell 80% of its shares in the corporation Cadena de Tiendas Venezolanas (Cativen). ...

  • News

    Cencosud sales down 11% to £6bn

    2010-02-19T00:00:00Z

    Chilean retail conglomerate Cencosud reported an 11% decrease in net sales to CLP5.33 trillion (£6bn) in 2009, while net profit dropped 38% compared with the previous year to CLP96bn (£108m). The retailer, which runs fascias including hypermarket chain Jumbo, attributed its drop in sales and profit to an unfavourable exchange ...

  • News

    Venezuelan government might enter a partnership with casino

    2010-02-05T00:00:00Z

    President Hugo Chavez said he is considering an offer for his government to enter a partnership with French retailer Casino, whose chain of Exito hypermarkets were expropriated earlier this month for allegedly exploiting a currency devaluation to raise prices. Chavez said representatives of the French group “calmly came to talk” ...

  • News

    Supermarket sales up in Brazil

    2010-02-05T00:00:00Z

    Supermarket sales in Brazil rose 5.5% in 2009 on the year before, according to the Brazilian Supermarket Association (ABRAS). The increase was attributed to the rising spending power of low-income groups in the country, which was bolstered by tax cuts on a range of products, including domestic appliances. ABRAS is ...