Revenues up 20 percent over previous year as companies ride consumer boom.
Latin America’s economic growth is currently driven by strong domestic demand and consumer spending: good news for the 50 largest retailers who make up our list. From 2011 to 2012, these companies saw revenues rise 20 percent, or by almost $50 billion year-over-year for a total of $294.5 billion in sales. As many of the companies continue to cater to the strong domestic demand, and expand aggressively throughout the region, 2013 should be an ever stronger year from growth. The year was dominated by the rapid expansion of Chilean chains, as well as large transformations in the Brazilian market, which are discussed below.
Wal-Mart continued to lead our ranking of Latin America’s Top 50 Retailers for another year: the company’s Wal-Mart de México alone came out at number 1 with $32 billion in revenues – up 18.1 percent over 2012 – not to mention the company’s subsidiaries in Brazil, Chile, Central America, and their Mexican beverage chain Bodega Aurrerá, which contributed a further $41.1 billion in revenues.
But it was French retailer Casino that saw the largest jump year over year in revenues: the company saw revenues grow 65.9 percent to $25.4 billion, propelling the company to number 2 in this year (2013)’s list versus number 5 in 2012. This owes to the company taking full ownership of Brazilian supermarket chain Pão de Açúcar. In July of 2012, the French company also became the sole controlling …
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