Cencosud grows with DIY division in the second quarter

Chilean retail group Cencosud reports sales growth in its home improvement division in the second quarter. Sales in its home market rose by 2.8 per cent to CLP 195.202 billion (€172.8 million). In Argentina, which is struggling with high inflation, sales grew by 44.7 per cent to CLP 180.649 billion (€159.9 million). Sales in Colombia rose by 2.1 per cent in local currency, but fell by 3.6 per cent to CLP 18.778 billion (€16.6 million) in Chilean pesos.