Colombian Convenience Sector Set To Become Keenly Contested Battle Ground

Colombia's largest retailer Almacenes Exito has said it is optimistic about its prospects for 2011, with expectations for strong growth driven by a resurgent economy. The firm has said it will invest US$160mn during the year, to be primarily used to expand its Colombian store network. Both Exito and its closest rival, Carrefour, have unveiled a focus on smaller formats. Exito has announced that its 2011 expansion plans will centre on its urban convenience and discount stores, while Carrefour has said that it is trialling its Carrefour Express convenience banner. These outlets are designed to capture market share from the

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