Since the start of the pandemic, many Mexicans have transitioned their grocery shop to smaller formats, in stores closer to their homes. Initially, this change of habit was to reduce contact and mitigate the threat of the COVID-19 virus, but they have since become accustomed to the time and cost-saving benefits of shopping locally. Mexico has a huge informal economy, meaning large sections of ...

PayPal's John Rainey has been named as Walmart’s new CFO. He takes over the position from Brett Biggs on June 6. Biggs announced last year that he would be stepping down from his role, having spent 22 years at the retailer. Joining from PayPal Rainey joins Walmart from PayPal, where he currently serves as its CFO and EVP, Global Operations. He joined the company seven years ago, helping it ...

Costco’s net sales increased 16.1% in the second quarter, maintaining its strong pace of growth despite tough comparables from last year. Against this backdrop of growth, we look at how it is navigating cost and supply chain challenges. Q2 key numbers Net sales increased 16.1% to $50.9 bn Comparable sales (ex-fuel and currency impacts) up 11.3% in the US, 12.4% in Canada and 9.0% in o...