News | Second Quarter

Back

Cencosud grows with home improvement only in Argentina

The Chilean trade company Cencosud operates home improvement stores in Chile, Argentina, and Colombia.

The Chilean trade company Cencosud operates home improvement stores in Chile, Argentina, and Colombia.

The Chilean trade company Cencosud made sales of CLP 317.692 bn in its home improvement division in the second quarter, 4.4 per cent more than the same period last year. However, sales in its home market of Chile declined by 0.8 per cent to CLP 123.082 bn, which the company explains by a weak performance in the construction segment, partially offset by increased online sales.

On the other hand, the company grew in this segment by 9.1 per cent in Argentina, its largest home improvement market. In local currency the increase was much greater, namely 23.2 per cent; and finally, same store sales rose by 23.4 per cent. The problem for Cencosud is the continued devaluation of the Argentine peso (ARS) compared to the Chilean peso (CLP).

The volume of business in Colombia, which is much smaller with CLP 15.062 bn, shrank in the second quarter, namely by 4.2 per cent in CLP and by 5.6 per cent in local currency, which the company reports as reflecting the contraction in consumption influenced by the tax reform and a high baseline effect.

|31 August 2017


SEND
 PRINT 

Post a comment

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



(will not be published)

* obligatory fields


Latest news

Leroy Merlin opens store in Madrid

Leroy Merlin has opened a new store in Raimundo Fernández Villaverde Street in Madrid. The urban-format proximity-format was implemented. The store View news...

Byggmax expands in great strides

During the second quarter, the implementation of the strategic plan continued at a high pace, reports Byggmax. This year the company opened at total View news...

HIL Limited to acquire Parador

The Indian building materials manufacturer HIL Limited, a subsidiary of the CK Birla Group, is to acquire Parador from its previous majority owner, View news...

EDIN joins EDRA/GHIN

EDRA, the European DIY Retail Association, and GHIN, the Global Home Improvement Network have today announced the joining of EDIN, the European View news...

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!

5th Global DIY Summit 2017

STORCH-CIRET Group

Storch-Ciret Group

Berlin was the center of the DIY universe

The 5th Global DIY Summit in Berlin was a first class networking event for the international home improvement industry. Here are the portraits of some of the most important companies that exhibited at the International Congress Exhibition.

Gallery