Synopsis

This report contains a competitive company benchmarking analysis based on key financial and operating parameters and ratios of a select peer group of companies, compared to one another and to overall global averages for their retail channel. The analysis highlights the companies that are performing the best among the peer group, and in which areas, and therefore clarifies leading performance standards and the strengths and weaknesses of companies covered.

Summary

Canadean’s ‘South and Central American Leading Department Stores – Company Benchmarking Analysis Report’ compares the strength of the leading department stores in South and Central America region relative to each other and international averages for retailers in the department stores channel.

The benchmark analysis is based on key parameters and ratios that explain the performance of a particular company against that of its immediate peers and its overall channel of operation. As such, it provides an easy-to-use analysis which highlights the companies that are setting the benchmark performance in their channel of operation.

Scope

The report provides a peer group benchmarking analysis of leading department stores in South and Central America. The peer group is selected from our Retailer Company Benchmark Database which covers the leading 1,000 global retailers. The peer groups covered includes leading public department stores based in South and Central America.

The retailers covered in the report are:

El Puerto de Liverpool, S. A. B. de C. V.
Empresas Hites S.A.
Empresas La Polar S.A.
Grupo Famsa SAB de CV.
Grupo Palacio de Hierro S.A.B. de C.V.
Lojas Americanas S.A.
Marisa S.A.
S.A.C.I. Falabella

Reasons To Buy

Understand the relative competitive strengths and weaknesses of the players covered, both compared to each other, as well as for the average performance of retailers in this channel around the world.
Detailed scorecards and summary 'heat charts' provide clear, concise 'at a glance' analysis of the relative performance of the companies covered across a range of metrics. While more detailed data provides the granular detail behind these concise analyses.
Gain a detailed knowledge of the best in class performance levels amongst the retailers covered in order to benchmark both competitor performance as well as that of your own company.

Key Highlights

Marisa recorded the strongest performance on an overall basis among the leading department stores in South and Central America, and was driven by the high scores it received for its operational efficiency, scale and growth and financial performance pillars.

Falabella was the top performer under the scale and growth pillar. It also performed well under the operational efficiency and financial performance pillars.

Palacio de Hierro’s performance was weaker than the channel average in all areas.

The department store chains are facing increasing levels of competition from hypermarkets, discounters and online retailers, which has intensified further since the onset of global economic slowdown in 2008. However South and Central American department store sector has been expanding and offers positive growth opportunities to competing companies.
Contents

1 INTRODUCTION
 
 1.1 What is this Report About?
 1.2 Peer Group
 1.3 Retail Channel Definitions
 1.4 Financial and Operational Metric Definitions
 1.5 Summary Methodology
 1.5.1 Overall research methodology
 1.5.2 Scorecard and heat chart methodology
 
 2 PEER GROUP SUMMARY ANALYSIS
 
 2.1 South and Central American Leading Department Stores – Heat Chart
 2.2 South and Central American Leading Department Stores – Insights from Competitive Benchmarking Analysis
 2.2.1 Scale and growth competitive benchmarks
 2.2.2 Operational efficiency competitive benchmarks
 2.2.3 Financial performance competitive benchmarks
 2.3 Marisa S.A. – Company Benchmarking Scorecard
 2.4 S.A.C.I. Falabella – Company Benchmarking Scorecard
 2.5 Lojas Americanas S.A. – Company Benchmarking Scorecard
 2.6 Empresas La Polar S.A. – Company Benchmarking Scorecard
 2.7 El Puerto de Liverpool, S. A. B. de C. V. – Company Benchmarking Scorecard
 2.8 Empresas Hites S.A. – Company Benchmarking Scorecard
 2.9 Grupo Famsa SAB de CV – Company Benchmarking Scorecard
 2.1 Grupo Palacio de Hierro S.A.B. de C.V. – Company Benchmarking Scorecard
 
 3 SOUTH AND CENTRAL AMERICAN LEADING DEPARTMENT STORES – COMPANY BENCHMARKING
 
 3.1 Scale and Growth Competitive Benchmarks
 3.1.1 South and Central American leading department stores by revenue, 2006–2010
 3.1.2 South and Central American leading department stores by revenue growth, 2007–2010
 3.1.3 South and Central American leading department stores by retail floor space, 2006–2010
 3.1.4 South and Central American leading department stores by retail floor space growth, 2007–2010
 3.1.5 South and Central American leading department stores by store count, 2006–2010
 3.1.6 South and Central American leading department stores by store count growth, 2007–2010
 3.1.7 South and Central American leading department stores by employee count, 2006–2010
 3.1.8 South and Central American leading department stores by employee count growth, 2007–2010
 3.1.9 South and Central American leading department stores by
 Market capitalization, 2006–2010
 3.2 Operational Efficiency Competitive Benchmarks
 3.2.1 South and Central American leading department stores by EBITDA margin, 2006–2010
 3.2.2 South and Central American leading department stores by net profit margin, 2006–2010
 3.2.3 South and Central American leading department stores by inventory turnover, 2006–2010
 3.2.4 South and Central American leading department stores by sales per square meter, 2006–2010
 3.2.5 South and Central American leading department stores by operating profit per square meter, 2006–2010
 3.2.6 South and Central American leading department stores by sales per employee, 2006–2010
 3.2.7 South and Central American leading department stores by operating profit per employee, 2006–2010
 3.2.8 South and Central American leading department stores by fixed asset turnover, 2006–2010
 3.3 Financial Performance Competitive Benchmarks
 3.3.1 South and Central American leading department stores by ROCE, 2006–2010
 3.3.2 South and Central American leading department stores by return on assets, 2006–2010
 3.3.3 South and Central American leading department stores by earnings per share (basic), 2006–2010
 3.3.4 South and Central American leading department stores by P/E ratio, 2006–2010
 3.3.5 South and Central American leading department stores by quick ratio, 2006–2010
 3.3.6 South and Central American leading department stores by debt to equity, 2006–2010
 3.3.7 South and Central American leading department stores by debt ratio, 2006–2010
 3.3.8 South and Central American leading department stores by capital expenditure, 2006–2010
 3.3.9 South and Central American leading department stores by EV/sales, 2006–2010
 3.3.10 South and Central American leading department stores by EV/EBITDA, 2006–2010
 3.3.11 South and Central American leading department stores by interest coverage, 2006–2010
 
 4 APPENDIX
 
 4.1 About Canadean
 4.2 Disclaimer
 
 LIST OF TABLES
 
 Table 1: List of Leading Department Stores in South and Central America, 2010
 Table 2: Retail Channel Definitions
 Table 3: Financial and Operational Metric Definitions
 Table 4: List of Company Benchmarking Metrics by Pillar
 Table 5: Sample Company Benchmarking Scorecard
 Table 6: Marisa S.A.– Company Benchmarking Scorecard
 Table 7: S.A.C.I. Falabella – Company Benchmarking Scorecard
 Table 8: Lojas Americanas S.A. – Company Benchmarking Scorecard
 Table 9: Empresas La Polar S.A. – Company Benchmarking Scorecard
 Table 10: El Puerto de Liverpool, S. A. B. de C. V.. – Company Benchmarking Scorecard
 Table 11: Empresas Hites S.A. – Company Benchmarking Scorecard
 Table 12: Grupo Famsa SAB de CV – Company Benchmarking Scorecard
 Table 13: Grupo Palacio de Hierro S.A.B. de C.V. – Company Benchmarking Scorecard
 Table 14: South and Central American Leading Department Stores by Revenue (US$ Million), 2006–2010
 Table 15: South and Central American Leading Department Stores by Revenue Growth (%), 2007–2010
 Table 16: South and Central American Leading Department Stores by Retail Floor Space (Thousand Square Meters), 2006–2010
 Table 17: South and Central American Leading Department Stores by Retail Floor Space Growth (%), 2007–2010
 Table 18: South and Central American Leading Department Stores by Store Count, 2006–2010
 Table 19: South and Central American Leading Department Stores by Store Count Growth (%), 2007–2010
 Table 20: South and Central American Leading Department Stores by Employee Count, 2006–2010
 Table 21: South and Central American Leading Department Stores by Employee Count Growth (%), 2007–2010
 Table 22: South and Central American Leading Department Stores by Market Capitalization (US$ Million), 2006–2010
 Table 23: South and Central American Leading Department Stores by EBITDA Margin (%), 2006–2010
 Table 24: South and Central American Leading Department Stores by Net Profit Margin (%), 2006–2010
 Table 25: South and Central American Leading Department Stores by Inventory Turnover, 2006–2010
 Table 26: South and Central American Leading Department Stores by Sales per Square Meter (US$), 2006–2010
 Table 27: South and Central American Leading Department Stores by Operating Profit per Square Meter (US$), 2006–2010
 Table 28: South and Central American Leading Department Stores by Sales per Employee (US$), 2006–2010
 Table 29: South and Central American Leading Department Stores by Operating Profit per Employee (US$), 2006–2010
 Table 30: South and Central American Leading Department Stores by Fixed Asset Turnover, 2006–2010
 Table 31: South and Central American Leading Department Stores by ROCE (%), 2006–2010
 Table 32: South and Central American Leading Department Stores by Return on Assets (%), 2006–2010
 Table 33: South and Central American Leading Department Stores by Earnings per Share (Basic) (US$), 2006–2010
 Table 34: South and Central American Leading Department Stores by P/E Ratio, 2006–2010
 Table 35: South and Central American Leading Department Stores by Quick Ratio, 2006–2010
 Table 36: South and Central American Leading Department Stores by Debt to Equity, 2006–2010
 Table 37: South and Central American Leading Department Stores by Debt Ratio, 2006–2010
 Table 38: South and Central American Leading Department Stores by Capital Expenditure (US$ Million), 2006–2010
 Table 39: South and Central American Leading Department Stores by EV/Sales, 2006–2010
 Table 40: South and Central American Leading Department Stores by EV/EBITDA, 2006–2010
 Table 41: South and Central American Leading Department Stores by Interest Coverage, 2006–2010
 
 LIST OF FIGURES
 
 Figure 1: Sample Heat Chart
 Figure 2: South and Central American Top Five Department Stores – Heat Chart
 Figure 3: South and Central American Top Five Department Stores by Revenue (US$ Million), 2006–2010
 Figure 4: South and Central American Top Five Department Stores by Revenue Growth (%), 2007–2010
 Figure 5: South and Central American Top Five Department stores by Retail Floor Space (Thousand Square Meters), 2006–2010
 Figure 6: South and Central American Top Five Department Stores by Retail Floor Space Growth (%), 2007–2010
 Figure 7: South and Central American Top Five Department Stores by Store Count, 2006–2010
 Figure 8: South and Central American Top Five Department Stores by Store Count Growth (%), 2007–2010
 Figure 9: South and Central American Top Five Department Stores by Employee Count, 2006–2010
 Figure 10: South and Central American Top Five Department Stores by Employee Count Growth (%), 2007–2010
 Figure 11: South and Central American Top Five Department Stores by Market Capitalization (US$ Million), 2006–2010
 Figure 12: South and Central American Top Five Department Stores by EBITDA Margin (%), 2006–2010
 Figure 13: South and Central American Top Five Department Stores by Net Profit Margin (%), 2006–2010
 Figure 14: South and Central American Top Five Department Stores by Inventory Turnover, 2006–2010
 Figure 15: South and Central American Top Five Department Stores by Sales per Square Meter (US$), 2006–2010
 Figure 16: South and Central American Top Five Department Stores by Operating Profit per Square Meter(US$), 2006–2010
 Figure 17: South and Central American Top Five Department Stores by Sales per Employee (US$), 2006–2010
 Figure 18: South and Central American Top Five Department Stores by Operating Profit per Employee (US$), 2006–2010
 Figure 19: South and Central American Top Five Department Stores by Fixed Asset Turnover, 2006–2010
 Figure 20: South and Central American Top Five Department Stores by ROCE (%), 2006–2010
 Figure 21: South and Central American Top Five Department Stores by Return on Assets (%), 2006–2010
 Figure 22: South and Central American Top Five Department Stores by Earnings per share (basic) (US$), 2006–2010
 Figure 23: South and Central American Top Five Department Stores by P/E Ratio, 2006–2010
 Figure 24: South and Central American Top Five Department Stores by Quick Ratio, 2006–2010
 Figure 25: South and Central American Top Five Department Stores by Debt to Equity, 2006–2010
 Figure 26: South and Central American Top Five Department Stores by Debt Ratio, 2006–2010
 Figure 27: South and Central American Top Five Department Stores by Capital Expenditure (US$ Million), 2006–2010
 Figure 28: South and Central American Top Five Department stores by EV/Sales, 2006–2010
 Figure 29: South and Central American Top Five Department Stores by EV/EBITDA, 2006–2010
 Figure 30: South and Central American Top Five Department Stores by Interest Coverage, 2006–2010