South America – Page 3
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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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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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News
Cencosud sales up 16.1% to £7.3bn
Cencosud has posted a 16.1% increase in net sales to CLP6.19 trillion (£7.3bn) for 2010, while operating profit reached CLP306.5bn (£364m), as domestic demand recovered from the global financial crisis.Cencosud’s Chilean operations account for 46% of annual revenue, while the remainder comes from its four other South American operations.
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News
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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News
Falabella to invest £2.3bn to open 215 new stores and 16 new shopping centres
Department store and DIY retailer Falabella is accelerating its growth plans and now aims to invest $3.51bn (£2.3bn) between 2011 and 2015 to open 215 new stores and 16 new shopping centres.The retailer, which opened 27 new stores and three new shopping centres last year, previously expected to invest $2.57bn ...
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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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News
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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News
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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News
Falabella Q3 profit rockets 236.8%
Falabella has reported net profit of CLP81.9bn (£102m) for its third quarter, 236.8% above the figure for the same period last year.Revenues for the period rose by 21.6% to CLP1.08trn (£1.3bn). The company opened five supermarkets during the period, one in Chile and four in Peru. In Peru Falabella also ...
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News
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.
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News
Fnac to expand into Northern Africa and South America to move sales away from France
PPR-owned electronics retailer Fnac aims to generate half of its sales outside of France by 2015 as it expands in Northern Africa and South America. Chief executive Christophe Cuvillier said: “We’re looking to expand in other countries. The priority internationally is to grow where we already are.”Fnac will open its ...
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News
Distribución y Servicio (D&S) to change its name to Walmart Chile
Grocery retailer Distribución y Servicio (D&S) is to change its legal name to Walmart Chile. The move will have to be ratified at the next company shareholder meeting, which will take place in late November. The decision will not affect the fascias that the retailer operates such as Líder, Ekono ...
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AnalysisA world of international retail opportunities
Emerging markets globally have retail potential, but could any be the new China? By Tim Danaher
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News
Cencosud acquires Supermercados Bretas for £525.8m
Chilean retailer Cencosud has acquired Brazilian supermarket chain Supermercados Bretas for BRL1.4bn (£525.8m). The chain operates 62 supermarkets, three distribution centres and 10 service stations in central and northern Brazil.The acquisition allows Cencosud to expand its presence to the Minas Gerais and Goias states and consolidate its position as the ...
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OpinionBrazil finally comes of age
The Goldman Sachs Conference in New York last week assembled a powerful line-up of more than 50 leading retailers.
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News
Casa Saba buys 25% of Farmacias Ahumada
Retailer Falabella has sold its 20% stake in Farmacias Ahumada for $100m (£64m) to Mexican Grupo Casa Saba. The latter announced last May it had reached an agreement to acquire Farmacias Ahumada for $637m (£408m), including about $162m (£104m) in debt.The combined company will become one of the leading drugstore ...
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News
Falabella Q2 sales up 19.5%
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 67.2%. ...
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News
CVS to roll out Redbox DVD rental kiosks
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 ...
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