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LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Copyright © 2015 - 2022 Lifecarenews.in
LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
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SANTIAGO, Chile–(BUSINESS WIRE)–Matías Videla, Chief Executive Officer, commented:
“Our Guidance in 2023 reflects the momentum in the execution of our strategic plan, which prioritizes and enhances the businesses and markets with the highest profitability and growth potential.
“Furthermore, we continue to develop our physical-digital ecosystem through new technological and logistical capabilities, aiming to deliver better value propositions for our customers and allowing us to remain competitive in the long term.”
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1. Organic & Inorganic Growth
During 2023, Cencosud estimates to open at least 491 new stores in the Supermarket, Home Improvement, and Department Store formats, in addition to 1 Dark Store within Supermarkets located in one of the Shopping Centers. Likewise, the Company plans to remodel 63 stores across the region to improve the customer purchase experience.
US$82 million will be invested in Shopping Centers, focused on strengthening the omnichannel proposition and square meters expansion in Chile, Colombia (Limonar Shopping Center), and Peru (the second stage of La Molina Shopping Center). Additionally, the investment plan includes the remodeling of 16 Shopping Centers in Argentina and Chile.
|
Openings |
Remodelings |
|
Business Units |
STORES |
SQM |
STORES |
Supermarkets |
22 |
37,096 |
37 |
Convenience Stores |
20 |
2,796 |
– |
Home Improvement |
5 |
15,325 |
4 |
Department Stores |
2 |
5,178 |
6 |
Shopping Centers |
12 |
8,354 |
16 |
TOTAL |
50 |
68,749 |
63 |
2. Innovation & New Trends
The Company seeks to further deepen and expand its digital ecosystem and new businesses, providing its customers with an increasingly complete and efficient omnichannel experience. Additionally, and among other objectives, Cencosud is aiming to achieve consolidated double-digit online penetration in 2023.
The 2023 investment associated with Innovation and New Trends consists of US$99 million in Capex and US$96 million in Opex. Areas of focus include:
3. Financial Strength 3
_______________
1 Includes 2 transformations from Supermarkets to Cash & Carry in Peru.
2 Dark Stores in Chile.
3 FX rates used:
Chile 915 CLP/US$, Argentina 265 ARS/US$, Brazil 5.25 BRL/US$, Peru 3.98 PEN/US$, Colombia 4,445 COP/US$.
Disclaimer
Cencosud is one of the largest and most prestigious retailers in America. It has operations in Argentina, Brazil, Chile, Peru, Colombia, and the United States -in addition to a commercial office in China and a technology office in Uruguay- where it operates a successful multi-format strategy that today employs more than 122,000 people. Its operation covers various lines of business, such as Supermarkets, Home Improvement, Department Stores, Shopping Centers, and Financial Services. Additionally, it develops other business lines that complement its central operation, such as Cencosud Media and Cencosud Ventures. All stand out for their quality, excellent level of service, and customer satisfaction.
The information contained in this press release has been prepared by Cencosud for informational purposes only, and should not be construed as a solicitation or an offer to buy or sell shares.
Contacts
Marisol Fernández
mariasoledad.fernandez@cencosud.cl
IR & SO
Mafalda Torres
mafalda.torres@cencosud.cl
Investor Relations Deputy Manager
Andrés Guarda
andres.guardamadriaza@cencosud.cl
Investor Relations Sr. Analyst
Sara Lizi
sara.lizi@cencosud.com.br
IRO Cencosud Brazil
Trinidad Fuenzalida
maria.fuenzalidapinedo@cencosud.cl
Investor Relations Analyst
Web Page: www.cencosud.com
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