Mexico news & analysis

05 January 2022
Building on its recent out-performance, Costco delivered its highest-ever sales growth for the month of December. Net sales up 16.2% As one of the first global retailers to report on its holiday performance, Costco’s results provide a great read on consumer sentiment, especially in North America, which accounts for over 86% of its sales. Sales in December increased 16.2% globally to $22.2bn,...
04 January 2022
In December 2021, Walmex (Walmart Mexico) opened its first gas station stores in Mexico. These small units are built adjacent to its Walmart and Bodega Aurrera (Walmex’s discount banner) gas stations.    The launch of Bodega Aurrera Gas Walmex’s first Bodega Aurrera Gas store is located in Celaya, central Mexico. The 60 sq. m store is built adjacent to a Bodega gas station. Source: ...
13 December 2021
Costco delivered an outstanding first quarter with total sales up 16.7%. We look at what’s behind this performance and some of the challenges it’s experiencing. Costco Q1 key numbers Total revenue up 16.6% to $50.3 bn Net sales up 16.7% to $49.4 bn Comparable sales (ex-fuel and currency impacts) up 9.8% Comparable sales up 9.9% in the US, 8.3% in Canada and 10.9% in other intern...
06 December 2021
Over the last 10 years, Dollar General has opened more than 8,000 stores, recently surpassing the 18,000 store mark. But even by its standards, the plan to undertake over 3,000 store projects next year is a bold ambition. Dollar General’s store development plans breaks down into four key buckets: New core stores Remodels New Popshelf stores Testing international expansion in Mex...
16 November 2021
After a strong performance in the third quarter, the retailer has raised its outlook for sales and profit growth for the full year. With momentum heading into the key trading period, what can we expect to see from Walmart? Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 4.3% to $140.5bn, representing an additional $8.8bn in sales Sales in its US stores increased by...
25 October 2021
Walmart Mexico (Walmex) has reported another strong set of quarterly results for Q3 2021. Its total revenue grew by 7.7%, totaling MX$145.6 bn (US$7.2 bn), with same-store-sales growth of 6%. In March 2021, we covered Walmex’s strategic priorities for 2021 , which were announced during its annual Walmex Day event. Here we explore the solid progress it has made against two pillars: leading i...
08 October 2021
Mexican business Jüsto was established in 2019, as the countries’ first pureplay (100% online) grocery delivery business. It launched with an ambitious aim to disrupt the grocery industry in Latin America and within its first two years raised an impressive US$100m venture capital investment. On Tuesday 5 October, Jüsto announced it had formed an alliance with Rappi, Latin America’s lar...
24 September 2021
We review Costco’s fourth quarter and full year results and the challenges it is seeing with higher costs, shipping capacity and labour shortages. Fourth quarter and full year key numbers Q4 total revenue up 14.8% to $62.7bn, with full year revenue up 17.5% to $196.0bn Comparable sales for the quarter (ex-fuel and currency impacts) up 9.4%, including up 10.3% in the US, 6.7% in Canada...
24 September 2021
Quick commerce is becoming increasingly competitive in Latin America. The sector is currently dominated by local operators, including Rappi, Cornershop (recently acquired by Uber), and iFood. These businesses have profited from their local know-how, such as understanding consumption habits and knowledge of LatAm’s complex road networks, which is fundamental for logistics and delivery.   This y...
15 September 2021
Walmex (Walmart Mexico) is the leading grocery retailer in Mexico, where it operates close to 2,700 stores. In November 2020, it launched its new Walmart Express supermarket banner and announced plans to convert all stores under its premium Superama banner to the new format, in addition to opening new stores. During the pandemic, shoppers have been seeking value and they increasingly wan...