Leading grocery retailer Ta-Ta formed an agreement Banco de la República Oriental del Uruguay, to offer credit to small local producers in order to help them get onto Ta-Ta shelves, with Ta-Ta providing capital. The programme is called Primero Uruguay.
The Supermercados Disco and Supermercados Devoto chains owned by Grupo Éxito are increasingly focusing on fresh produce, both in terms of fresh fruit and vegetables and also ready meals, as they look to respond to an increase desire among consumers to eat healthily, which at the same offering produce at affordable prices. The chains have also increased their range of organic, gluten-free and fat-free options.
There is a new leader in forecourt retailers in Uruguay. In 2021, the oil company Petrobras sold its operations in Uruguay to the Spanish company Disa Groupo, which is now the second largest oil company in Uruguay and Uruguay is also the first country in which the Disa Groupo will operate with its own brand name outside Spain.
Modern grocery retails will register moderate constant value and volume growth over the forecast period. The recovery of the economy post COVID-19, including the return of foreign tourists, will support value and volume sales.
There will be increased focus on private label over the forecast period, as the fallout of the pandemic, combined with the possibility of rising inflation, will see consumer purchasing power reduce. As a result, consumers will be looking for affordability.
Modern grocery retailers located on the border with Argentina could potentially lose significant value share, as local consumers cross over the border to shop in Argentina, where price will potentially be significantly cheaper due to a weak Argentinian peso. Argentina’s informal rate currently has a dollar rate that is traded informally at almost double the official value, which makes retail prices very cheap for Uruguayans shopping in Argentina.
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Modern grocery retailing is the aggregation of those grocery channels that have emerged alongside the growth of chained retail. For Euromonitor, modern grocery retailing is the aggregation of five channels: Hypermarkets, Supermarkets, Discounters, Forecourt Retailers and Convenience Stores. While there can be traditional (i.e. non-chained) supermarkets or forecourt retailers, for example, due to the store's presence in the channel, these stores are still considered as modern for Euromonitor International.See All of Our Definitions
This report originates from Passport, our Modern Grocery Retailers research and analysis database.
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