Easy increases sales but has a struggle with currency

The Chilean retail group Cencosud saw sales by its DIY store division fall by 15.3 per cent in the third quarter compared with the same period in 2015. The reason for this decline is the huge devaluation of the Argentinian peso; in local currency the 51 Easy stores of Cencosud in Argentina grew their sales by 23.3 per cent (sales in Chilean pesos: 235.188 bn) and achieved like-for-like growth of 21.3 per cent. In Chile, sales by the 35 stores in the Easy chain rose by 3.7 per cent to CLP 114.417 bn (same store sales: plus 2.2 per cent). The ten outlets in Colombia increased their sales over the same period in the previous year by 2.9 per cent to CLP 15.989 bn (same store sales: 7.6 per cent).