Mexico news & analysis

14 May 2021
Mexico’s Grupo Comercial Chedraui, through its Bodega Latina Corporation subsidiary, has entered into a definitive agreement to acquire US-based operator, Smart & Final, in a $620m deal.  Unique retail model Smart & Final operates a unique concept in the US, bridging wholesale and retail models. It operates more than 250 stores under two banners: Smart & Final and Smart & Final Extra!, in C...
23 April 2021
Retailer OXXO, owned by the FEMSA beverage and retail company, is the largest chain of convenience stores in Latin America. It ended 2020 with 19,566 stores, of which 19,295 are in its domestic market Mexico. Government restrictions on mobility throughout the pandemic has led to challenging trading conditions for the businesses, which relies heavily on sales from on-the-move and transient ...
01 April 2021
Mexico-based Jüsto (Spanish for fair) is a pureplay grocer. It is committed to offering customers fresh, and high-quality produce and meat at fair prices. It achieves this by working directly with suppliers and managing the complete end-to-end supply chain, without using intermediaries. This shortens the supply chain, meaning perishables do not spend lengthy times on shelves, losing freshness....
29 March 2021
Mexican startup Jüsto was founded in 2019 and is one of Mexico’s first vertically integrated, online grocery platforms. Since its inception the business has raised around US$100m in investments. Its founder and CEO Ricardo Weber previously commented that Jüsto would disrupt the grocery industry in Latin America. Seven months on from our coverage of this , we caught up with Manolo Fernandez ...
17 March 2021
Autonomous stores are a growing trend we are seeing globally. Since the start of the pandemic, customers have preferred to shop in stores closer to their home. The compact size of autonomous stores enables businesses to open units that are closer, making them a convenient and safer option. Here we explore three autonomous store concepts we have seen in the region.  Oxxo Smart, Mexico ...
01 March 2021
Walmart Mexico (Walmex) recently reported total revenue growth of 8% for 2020 and 5.9% for Q4. Same-store-sales increased by 6.7% for the full year (4.9% in Q4). At its annual Walmex Day event, the business outlined three business priorities for the year 2021 and beyond: win in discount lead in omnichannel develop its ecosystems. Ambition to become the omnichannel market leader ...
22 February 2021
Historically, across Latin America food-to-go has not been a particular hot spot for product innovation and the category is often uninspiring. This is possibly due to the vibrant street food culture in the region, which is readily available, fast to produce, delicious and affordable. However, in the last year we have started to see early signs of innovation in the category. Despite these dev...
19 February 2021
In an update for analysts, Walmart has outlined its capital expenditure plans for the year ahead and the continued transformation of its business. Uniquely Walmart Walmart’s president and CEO, Doug McMillon, struck an upbeat tone in outlining his vision for the company. Building on the momentum of 2020 , the retailer plans to accelerate its strategy to deliver long term growth. It’s ai...
19 February 2021
Chilean retail group Falabella aims to open 11 new supermarkets in 2021. This will consist of four Tottus stores in Chile and seven supermarkets in Peru, across its Tottus and Hiperbodega banners. The business will also invest US$243m in optimising its store network, which spans across supermarkets, shopping centres, and home improvement stores. Heavy investment in 2021 Falabella’s CEO G...
18 February 2021
We review Walmart's fourth quarter and full year results, as it outlines the next phase of its growth and development. Walmart's key numbers Walmart's total revenue in Q4 increased by 7.3% to $152.1bn, representing an additional $10.4bn Sales in its US stores increased by 7.9%, with Sam’s Club's sales up 8.1% US ecommerce sales increased 69% US comp store sales increased by 8.6%...