Cencosud sales up by 25 per cent in the first quarter

The Chilean retail group Cencosud increased sales in its home improvement division in the first quarter by 24.9 per cent to CLP 358.067 bn (EUR 401 mio). Sales in Chile totalled CLP 213.451 bn (EUR 239 mio), an increase of 42.7 per cent over the same period in the previous year. In Argentina,  sales rose to CLP 126.612 bn (EUR 142 mio), a 6.8 per cent increase and 70.0 per cent more in local currency. The ten stores in Colombia achieved sales of CLP 18.004 bn (EUR 20 mio), 2.9 per cent down on the same period in the previous year. In local currency, however, this equated to an increase of 8.3 per cent.