Mexican Coca Cola bottler FEMSA, which owns the OXXO convenience chain, recently announced the chain had seen a 24.1% decrease in store traffic during the early of the phases of the pandemic. This led to a decline in sales, which was accentuated by a reduction in the average customer ticket as well. For Q2, FEMSA reported an 8% decline in revenue for its proximity stores, with same-store-sal...

Grupo Nós, a joint venture between Raízen (one of Brazil’s largest energy companies) and FEMSA Commercial (owner of the OXXO convenience chain), has announced plans to open 500 OXXO stores in Brazil over the next three years. This will create a more competitive landscape in the market, particularly in the south east region.   FEMSA joint venture with Raízen Raízen, a Shell brand licensee, i...

Hirota is a Brazilian grocer with more than 40 stores in São Paulo, between supermarkets and convenience stores. In response to the pandemic, and to support vulnerable sections of society, the business has begun to open fully autonomous micro convenience stores, built in common areas of condominiums.   Following on from our recent article on the new proposition ( here ), we caught up with ...