Cencosud S.A. operates as a multi-brand retailer in South America. The company operates through various formats, including supermarkets, home improvement stores, shopping centers, and department stores. It has operations in Chile, Argentina, Brazil, Colombia and Peru. Segments The company is organized in six segments: Supermarkets, Home Improvement Stores, Department Stores, Shopping Centers and Financial Services, and Other. Supermarkets segment This segment, as of December 31, 2013, operated a total of 187 supermarkets and 37 hypermarkets in Chile under the Santa Isabel and Jumbo brands. The company operates 21 hypermarkets and 269 supermarkets under Jumbo, Disco and Super Vea brands in Argentina, as of December 31, 2013. Home Improvement Stores segment This segment sells various building and other materials, including name brand and private label products. As of December 31, 2013, the company had 32 Easy home improvement stores and 307,853 square meters of home improvement store selling space in Chile; and 40 Easy and 8 Blaisten home improvement stores and 373,490 square meters of home improvement store selling space in Argentina. As of December 31, 2013, the company had nine Easy home improvement stores and 75,732 square meters of selling space in Colombia. Department stores segment This segment operates department stores in Chile. The company operates 40 Paris and 37 Johnson department stores in Chile with 371,891 square meters of total selling space, as of December 31, 2013 and 6 Paris stores in Peru with selling space of 32,222 square meters. The company’s Paris stores sell merchandise, such as apparel, home furnishings, electronics and sporting goods, including name brand and private label products. Shopping centers segment This segment operates shopping centers in each of Chile and Argentina. As of December 31, 2013, the company owned and managed 10 shopping centers in Chile, 15 in Argentina, 3 in Peru, and 1 in Colombia with a total gross leasable area of 756,264 square meters. In Chile and Argentina, each of its shopping centers contains a Jumbo hypermarket, an Easy home improvement store and, in Chile, a Paris department store as well as other third-party-owned businesses intended to attract customers and enhance their overall shopping experience. Financial Services segment This segment offers its own private-label cards and joint ventures with third party bank issuers of credit cards, primarily to finance customers’ purchases in its stores. The company also owns Banco Paris, a specialty retail consumer bank in Chile, which provides a range of consumer and financial services. In 2010, the company launched its own private label credit card in Peru and the company is expanding its offerings of financial services. In 2011, the company established Banco Cencosud in Peru. In 2012, the company received the operation license from the banking superintendence (Superintendencia de Bancos y Seguros), and started operations through its Cencosud credit card. In 2011, the company entered into an agreement with a major Brazilian bank, Banco Bradesco, to offer financial services for all its stores in Brazil, namely the exclusive issuance and operation of the Cencosud Card credit card (Cartão Cencosud), as well as the offer, within Cencosud stores in Brazil, of consumer loans, purchase financing and insurance products. As of December 31, 2013, the company had a total of 5 million credit cards and other accounts in Chile, Argentina, Brazil and Peru. The Financial Services segment also includes its insurance brokerage services in Argentina, Chile, Brazil and Peru. Other segment The Other segment includes the operations its Chile-based Aventura entertainment centers, which offer families the ability to enjoy different entertainment activities, such as electronic games, bowling and birthday parties; its frequent purchaser loyalty programs, which provide discounts and other promotions for its customers; and its corporate back-office, treasury and other operations. Intellectual Property The principal trade names and service marks used in the company’s business include Jumbo, Jumbo Más, Easy, Más Easy, Santa Isabel, Disco, Vea, Paris, Más Paris, Paris Corredores de Seguros, Banco Paris, Johnson, Nectar, Wong, Metro, GBarbosa, and Prezunic among others, and their respective logos, covering all major South American markets. Competition The company faces competition from international and domestic operators of supermarkets, home improvement stores, department stores and shopping centers, including Carrefour, Walmart, Falabella, and Casino. History Cencosud S.A. was founded in 1960.
cencosud sa (CENCOSUD:Sant. Comerc)
Av. Kennedy 9001
Phone: 56 2 2959 0000
|Alto Palermo SA||$50.00 ARS||+2.50|
|IRSA Inversiones y Representaciones SA||$17.00 ARS||+1.35|
|Jeronimo Martins SGPS SA||€10.10 EUR||-1.58|
|View Industry Companies|
Sponsored Financial Commentaries
To contact CENCOSUD SA, please visit www.cencosud.com.ar. Company data is provided by Capital IQ. Please use this form to report any data issues.