Cencosud

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Centros Comerciales Sudamericanos S.A.
Type Anonymous Society
Traded as BCS: CENCOSUD
NYSECNCO
Industry Retail
Founded 1960
Headquarters Santiago, Chile
Key people Horst Paulmann Kemna, (Directory President)
Products Hypermarkets
Supermarkets
Shopping malls
Department stores
Revenue Increase US$ 19.0 billion (2012) [1]
Net income Decrease US$ 562.6 million (2012)
Employees 126,530
Website www.cencosud.com

Cencosud S.A. is a publicly traded multinational retail company. It's the largest retail company in Chile and the third largest listed retail company in Latin America, competing with the Brazilian Grupo Pão de Açúcar and the Mexican Walmart de México y Centroamérica as one of the largest retail companies in the region. The company has more than 1.045 stores in Latin America.

History[edit]

By the end of 2006, the operations of the company included 65 Jumbo hypermarkets, 165 Santa Isabel supermarkets; 249 Disco, Vea and Jumbo supermarkets; 60 Easy home improvement stores; 36 Paris department stores; 27 shopping malls and 52 offices of Banco Paris bank, totaling a sales area of 1.8 million square meters, or 19,375,038.75 square feet. It has more than 4.3 million active credit card accounts, issued under the brand Tarjeta Cencosud (in Chile, Peru and Argentina), Tarjeta Cencosud Colpatria (Colombia) and Cartão Cencosud Bradesco (Brazil).

By the end of 2007, several new stores had been opened in Chile, Argentina and Peru, and the company acquired Wong supermarkets,[2] the largest retailer in Peru, and GBarbosa,[3] a Brazilian retailer.

In August 2011, Cencosud announced the acquisition of Johnson department stores.

Brands[edit]

Cencosud operates upscale Paris department stores, the Costanera Center financial center, Easy home improvement and hardware stores, Jumbo hypermarkets, Santa Isabel supermarkets, in Chile. Also operates Bretas supermarkets, G Barbosa super and hypermarkets, Prezunic supermarkets and Perini supermarkets in Brazil, Vea supermarkets in Argentina,[4] Wong and Metro in Peru and in 2012 acquired the Carrefour hypermarket operations in Colombia, which changed branding to Jumbo.

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