All South America articles – Page 3
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OpinionComment: UK retailers can find success trading overseas
For the past four weeks I’ve travelled around the world: Hong Kong, Australia and the Americas, South and North.
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News
Jerónimo Martins opens first stores in Colombia
Portuguese retail conglomerate Jerónimo Martins has opened its first five stores in Colombia, in the cities of Pereira, Santa Rosa de Cabal and Armenia.The outlets operate under the new Ara banner and are neighbourhood discount stores located in residential areas. Their average sales area ranges from 3,230 sq ft to ...
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News
Discount retailer Dia plans further expansion in Brazi
Spanish neighbourhood discount retailer Dia is to expand further in Brazil.The retailer, which became independent from French Carrefour in mid-2011, aims to accelerate expansion to 100 new openings, compared with 81 last year.
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News
CVS purchases pharmacy chain Drogaria Onofre
US retailer CVS has purchased 44-store pharmacy chain Drogaria Onofre.CVS chief executive Larry Merlo said: “We view Brazil as an attractive market given that healthcare and pharmacy are expected to grow double digits for the next decade. It’s still a highly fragmented market, so we see nice opportunity to grow ...
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News
Sephora plans South American store openings
LVMH-owned beauty chain Sephora plans to open 50 stores in South America in the next four years.The retailer, which entered Brazil in 2010 with the acquisition of beauty etailer Sack’s, opened two stores in São Paulo this summer.
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AnalysisInternational analysis: Carrefour ends Brazilian ecommerce operations
For most people, the words ‘Brazil’ and ‘online’ are often synonymous with growth.
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News
Amazon ventures into Brazil with Amazon.com.br
Amazon has made its first foray into Brazil with the launch of ebook site Amazon.com.br. 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 ...
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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.
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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.
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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.
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AnalysisAnalysis: 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.
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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 full Amazon ...
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AnalysisChallenges 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).
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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 it would ...
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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 the ...
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AnalysisHow 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.
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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 locations in ...
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AnalysisEmerging markets drive profits growth at Casino
French grocery group Casino reported strong results for 2011 last week, boosted by overseas operations.
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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.
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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 growth ...