Mexican retailers witness decline in January same-store sales


February 13, 2014 | By RetailME Bureau

Mexican retailers witnessed a 1.7% decline same-store sales in January from the year-earlier month, says retail association Antad.

According to Antad, whose members operate 34,561 stores including supermarkets, department stores and others, total sales rose 2.4% last month to $6.9 billion, aided by an additional Friday compared with January 2013. The drop in same-store sales, or sales at stores that have been open for at least a year, included a 3.5% decrease at supermarkets partly offset by higher sales at department stores and specialty retailers.

Antad tempered expectations for same-store sales this year after a modest 0.1% expansion in 2013 fell well below its initial estimate of 5%. The association said last month that retailers expect same-store sales will expand by 1.7% this year, and that investment in the sector will total $4 billion.

Previous Article Next Article

SHARE


TRENDS


Elmoataz Obada, Co-Founder, Monkey Distribution

The power of pop

From butter beer to brooms. Dobby themed coffee mugs and keychains to 

Continue Reading

May 6, 2024 | By Rupkatha B




YOU MAY ALSO LIKE /


Lulu and MoIAT join hands to promote UAE-made products

The Ministry of Industry and Advanced Technology (MoIAT) in cooperation with Lulu 

Continue Reading

December 6, 2024 | By RetailME Bureau
Sunil Kumar, CEO, Spinneys

Starting as a shelf packer in 1994, Sunil Kumar saw his way 

Continue Reading

October 29, 2024 | By RetailME Bureau
Sunil Kumar and Debashish Mukherjee at MRF 2024

What does it take to sustain profitable growth in the post-IPO phase? 

Continue Reading

October 23, 2024 | By Anurima Das

Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in 

Continue Reading

October 7, 2024 | By Anurima Das
Naresh Kumar Bhawnani, Founder & Chairman, West Zone Group

“Retail is a people’s business. When building a retail brand or the 

Continue Reading

October 3, 2024 | By RetailME Bureau




Download Images RetailME Magazine