Strong competition in the retail sector has forced trade chains to develop strategies to strengthen and guarantee growth. Decisions have led to the closure of operations.
The turn this time is for the Chilean Cencosud that has just announced that one of its supermarket formats stops operating.
Portfolio learned that as part of the process of strengthening and consolidating its operation in Colombia “It has advanced in the integration of its operation around its strategic brands: Jumbo, Easy and Metro.”
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In that sense, that decision Leave outside the spid stores that, he said, “its cycle culminates as part of the evolution of the company’s operational model in the country, oriented to strengthen the proposal of value of Jumbo, Easy and Metro as main brands for Colombians. “
The spid chain of Cencosud stops operating in Colombia.
Taken from the Internet.
Cencosud Colombia set up the Spid store model by 2021, With small establishments between 100 and 200 square meters located on pedestrian tracks, in order to diversify their formats and respond to the expansion of chains such as D1, ARA and OXXO that have opted to offer convenience and closeness in the neighborhoods of Colombian municipalities.
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“More than 90% of Spid collaborators have been relocated to other group operations, thus reaffirming Cencosud’s commitment to their team and the development of an increasingly robust and sustainable operation,”said the Chilean company in Colombia.
Last year Cencosud was the sixth retail chain of the country. Registered a decrease of 4.80% in its operational income when it reached $ 4.2 billion, while in 2023 it obtained 4.4 billion. In addition, it increased its losses from $ 4,710 million to $ 304,375 million, according to the report of the 1,001 companies in Portafolio magazine.
Jumbo
Portafolio.co file
The steps that other competitors have taken
The decision that Cencosud Colombia has just announced with the closure of its Spid stores, adds to other ‘moves’ in the sector.
For example, recently stopped operating which began as a trade platform for mass consumption products and then set up stores.
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At the end of last year, the traditional Colsubsidide supermarkets that had an important presence in Bogotá and Cundinamarca also stopped working. After obtaining the corresponding authorizations, he protocolized the sale of his premises to the Portuguese Jerónimo Martins, owner of Ara.
To these two events is added that Grupo Success is in an adjustment of their formats, which will imply that it concentrates its development and growth strategies in successful hypermarkets and Carulla supermarkets. This, in turn, means processes of reconversion of stores that function as assort and super inter.
Constance Gómez Guasca
Portfolio writing
