90% of Guatemalan Companies Would Rise Salaries in 2011Wednesday, June 2, 2010 According to the latest salary survey of PWC, 90% of the surveyed companies plan to increase salaries in 2011. Among the companies planning increases, the average pay rise will be 7.4%. The sectors where salaries will be most increased are hospitality (10%), technology (9.1%), retail l(9.0%), manufacture (8.3%), services (8.2%), agro industry (8.1%) and industry (8.0%). Wal-Mart Increases Pressure on SuppliersMonday, March 14, 2011 The store chain began implementing the strategy "Every Day Low Cost", seeking deep discounts, especially from suppliers of high rotation products.. Everyday Low Prices (EDLP, for the acronym), involves offering consumers the lowest market prices for all products, the basic concept of the chain's positioning as a world leader in retail. The 200 biggest companies in Central AmericaMonday, November 3, 2008 They produce 28 percent of the GDP in the area. Their performance sets the pace for economic activity and industry trends. Mexican America Movil and Arkansas giant Wal-Mart are, without a doubt, the two biggest stars in the ranking, evidencing the significant activity in telecommunications and retail sales in the region. Progreso Cement Launches New Franchise ConceptWednesday, May 12, 2010 In Guatemala, Cementos Progreso launched a new franchise program called “Construred”. They are offering franchises for selling construction materials, which include technology, training and financing. Investment Fund Seeks SME’s in Central AmericaThursday, September 20, 2012 CoreCo Central America Fund is a $54 million private investment fund, which aims to invest in SMEs in Central America that have potential for growth, stimulating the expansion of industry. Although not limited by sector, investments are primarily aimed at companies in the following sectors: healthcare, financial services, computer / software, consumer goods, retail, logistics business and telecommunications. Online Sales Generate Loyal CustomersWednesday, October 24, 2012 71% of consumers who buy online, return to buy again from the same vendor, whereas this percentage drops to 4% for purchases in physical stores. An article in Peru-retail.com reviews the results of a study by the Spanish consultancy firm TNS, which highlights greater loyalty from online shoppers compared to traditional buyers. Proliferation of Malls Shakes up Retail SectorMonday, January 28, 2013 In Costa Rica the strong growth of retail space within large malls is leading to transfers, remodeling, and new tactics to attract tenants, and an increase in the number of vacant units. Elfinancierocr.com reports that "The ‘theft’ of tenants by new malls and the exodus of other brands to smaller formats are just two of the effects of the boom in malls in the country." Good Prospects for Retail in NicaraguaFriday, November 3, 2017 The retail industry projects $680 million in sales in the Christmas and end of the year season, which would represent a 7% increase compared to the 2016 season. The Chamber of Commerce and Services of Nicaragua projects an increase in sales in the two months remaining until the end the year, especially for products such as food, beverages, textiles, clothing, toys, appliances and vehicles. Restaurant Franchise Seeking Partners in Costa RicaFriday, October 20, 2017 At the end of November executives from the US Buffalo Wild Wings casual dining franchise will be visiting San Jose in search of business partners to enter the local market in 2018. Elfinancierocr.com reports that "...Between November 29 and December 1, Stan Walker, director of international business development for the brand, will be visiting the country, as well as Jorge Lizan, CEO of Lizan Retail Advisors, to meet with potential franchise partners." Sanborns Closes Operations in PanamaMonday, January 13, 2020 The chain of department stores that had a branch in the Panamanian market, announced that since January 12 it stopped operating in the country. The company made the announcement official on the morning of January 11, but in its publication broadcast on social networks, no further details were given of the reasons that motivated the chain to withdraw from Panama. Shopping Centers Close in El SalvadorFriday, March 20, 2020 In an effort to contain the advance of covid-19, starting March 19 and for a period of 14 days, the country's shopping malls will be closed. The Presidency informed that all the shopping centers in the country will remain closed, however, supermarkets, bank agencies, and pharmacies inside them may remain open, as ordered by President Nayib Bukele.
CASE STUDY
Location analytics can drive retailers to successWednesday, August 4, 2021 Retail companies are already implementing Big Data and geolocation analytics tools to understand consumer mobility patterns, measure foot traffic in each store, understand the performance at their points of sale and estimate competitors’ turnover. Big Data techniques allow the recollection of large volumes of geospatial and anonymous data from various mobile devices such as cell phones, computers, tablets, etc., making possible to generate different detailed and general analysis that help to solve any kind of business problems in any specific sector. Guatemala: Trade Missions for 2017Tuesday, May 16, 2017 Five business missions are being organized to Chile, the United States, the Dominican Republic, Nicaragua and Costa Rica for the period from July to September. From a statement issued by Agexport: Private Label: Arrived to Stay?Wednesday, August 7, 2019 In the retail business, large distributors boost the sales of their own brand products through strategies aimed at consumers who prioritize the price factor over other elements when buying. Globally, the tendency to buy private label products is becoming more and more evident in markets, as companies engaged in the retail trade of other products, such as supermarket chains, are capitalizing on their experience by placing their own products and competing with their suppliers. Business: Big Data and Subscription ModelsWednesday, November 13, 2019 The business models operating under the concept of a subscription, such as Netflix, Amazon or even PriceSmart, can have great advantages over their competitors if they manage to properly manage the large volumes of data they handle. The payment of subscriptions is not only for modern online services, as retail companies apply it in the region, as is the case of the supermarket chain PriceSmart. |
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