News | Inflation in Argentina

Back

Cencosud growing in Chile and Colombia

The home improvement division of the Chilean retail group Cencosud announced sales in the third quarter of CLP 269.109 bn (EUR 354 mio). The figure represents a decline of 13.8 per cent compared with the same quarter in the previous year. Hyperinflation in Argentina, the division's largest market, continues to be behind the downturn; running at a volume of CLP 133.291 bn (EUR 175 mio) converted from the local currency ARS, sales there grew by 29.1 per cent, with same-store sales increasing by 25.7 per cent. In the Cencosud balance sheet, however, this resulted in a fall of 26.6 per cent. In its domestic market in Chile, the home improvement division increased its sales by 3.4 per cent to CLP 118.678 bn (EUR 156 mio) and same-store sales by 4.4 per cent. In Colombia, where the currency COP was revalued compared with the CLP, sales grew by 8.5 per cent to CLP 17.141 bn (EUR 23 mio) and by 5.2 per cent in COP.




|27 November 2018

SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Flügger has had a “challanging start” to the year 2019/2020

Flügger, the Danish paint manufacturer and trader, has started its financial year 2019/20 with a decline in sales. In the first quarter (May to View news...

AllHome plans 45 new openings this year and next

The Philippine home improvement chain AllHome wants to increase its number of branches in this year still from 25 at the middle of the year to 45. View news...

Falabella loses DIY sales in Chile

The Chilean retail group Falabella also feels the effects of the currency turbulences in South America on its home improvement business. In the View news...

Younger generation takes over at Globus in Germany

A generational change is to take place at the helm of German DIY store chain Globus. Erich Huwer (68), who has been CEO of Globus DIY stores for many View news...