Cencosud grows with home improvement

The home improvement division of the Chilean retail group Cencosud has recently seen growth. In its home market of Chile, it closed the second quarter with a 3.2 per cent increase on the previous year’s figure, achieving turnover of CLP 195.202 bn (EUR 113.4 mio). The home improvement division operates under the Easy brand. On a like-for-like basis, there was a decline of 0.1 per cent. Online turnover grew by 22.8 per cent.

In Argentina – where, in addition to the Easy chain, there are also Blaisten stores – quarterly turnover amounted to CLP 180.649 bn (EUR 105.0 mio). This represented an increase of 10.1 per cent in Argentine pesos (ARS), a like-for-like increase of 12.5 per cent, but a decrease of 14.4 per cent in Chilean pesos (CLP).

Home improvement turnover in Colombia – which is only around one-tenth as large (CLP 18.778 bn, EUR 10.9 mio) – rose by 7.4 per cent in the local currency…