Dia Struggles at Home, but Delivers in LATAM

Source: Dia Corporate, Thursday, Feb 22, 2018

Spain-based grocer Dia saw Iberian sales fall 3.3% in 2017 and was forced into significant price cuts in Q4 to make up the shortfall. Gross sales under banner for the year were up 1.5% in local currency. This was largely due to 10.8% sales growth in Brazil and Argentina.