Easy stores bring further growth for Cencosud

Revenues for the Chilean trading group Cencosud rose by 21.3 per cent in the third quarter to CLP 360 823 mio in its DIY sales division Easy. From this total, CLP 110 299 mio is attributed to the 34 markets in the Chilean domestic market, representing an increase of 5.3 per cent. On a like-for-like basis, it was 2.0 per cent more. The 50 stores in Argentina recorded CLP 234 983 mio and thus achieved a 34.1 per cent increase over the same quarter last year. The rise is attributed to a growth of 29.7 per cent in same-store sales and improved currency exchanges. The currency devaluation is responsible for the 11.8 per cent decline in sales to CLP 15 541 mio in the ten Colombian markets; on the same area, an increase of 5.7 percent was achieved.