Retailers/Chedraui/News

Chedraui news

06 September 2023
As retailers prime the region for expansion, here is a download of some key players in the market and what we can expect from them in the next couple of years. Cencosud leveraging its successful consolidation of The Fresh Market This year, Cencosud completed its acquisition of The Fresh Market from Apollo Global Management, and it now holds a 67% stake in the company. Cencosud reported c...
31 July 2023
Q2 2023 results have been posted for Walmart, Casino Group, Carrefour and Chedraui. A sales rise in June boosted Walmart Mexico’s Q2 net profit Walmart in Mexico and Central America reported a net profit of $668mn in Q2 2023, +5% year-on-year (YoY), boosted by slightly higher sales in June. Despite growth, earnings were slightly behind those forecasted. Same-store sales increased 8.5% in Me...
13 May 2022
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 ...
15 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...
14 October 2019
In this article we look at fantastic examples of brand activation we have seen on recent trips to Brazil and Mexico, the two biggest markets in Latin America. All of the featured images and videos were taken in hypermarkets and supermarkets, predominantly in the major retailers’ premium formats. We were impressed by some of the innovative merchandising we saw. In our view, this would exceed ...
28 January 2019
Mexican retailer Chedraui has announced plans to open 24 new stores across its formats in 2019. This is 18 stores fewer than the 42 openings projected in 2018. Chedruai said the 24 openings will consist of 10 Supercitos, eight Superchedraui and six Chedraui stores. Strategy for investing into assets In 2019, the business expects that growth in consolidated total revenues will be betwee...
23 August 2018
We look at Mexican-based Chedraui’s Q2 results and future expansion plans. Positive Q2 Chedraui has reported consolidated sales growth of +21% in Q2 2018 to MXN27,942m (US$1,473m). Growth was mainly driven by the opening of new stores. However, same stores sales also grew by 1.8%. Despite the sales being positive Chedraui reported being negatively affected by the timing of Easter Week. I...
01 February 2018
Mexican based Chedraui has announced its store expansion plans in 2018. It will be mainly focusing on its smaller format, as a response to the increasing demand for convenience. 42 new stores in 2018 Chedraui has said it will open 42 new stores in Mexico in 2018. This will boost selling space by between 5 and 6%, up from 3.3% in 2017. Most of these stores (c. 70%) will be in the retailer...
26 January 2017
Amidst a difficult economic backdrop, we look at the strategies driving growth at Mexico's leading grocery retailers. Uncertain times for consumers and business The ascent of Donald Trump to the presidency of the US has injected much uncertainty to Mexico's relationship with its larger neighbour to the North. GDP forecasts for 2017 have been cut sharply, with growth of under 2% now expected. Ma...
15 December 2016
We round up the latest developments at leading Mexican retailers. Chedraui expanding in Mexico and the US Chedraui, Mexico's third largest retailer, has been enjoying a solid year's trading: total sales are up by 12.8% in the first nine months, with EBITDA growing by a similar amount. Growth was spread between operations in Mexico, where its 228 store estate delivered same store sales...