Retailers/Soriana/News

Soriana news

07 June 2021
On Tuesday 1 June 2021, GPA (Brazil’s second largest grocery retailer) announced its partnership with Latin American ecommerce giant Mercado Libre. This news comes less than six weeks since Soriana (Mexico’s number two) partnered with the business. Who are Mercado Libre? Argentine ecommerce business Mercado Libre (Free Market) was founded in 1999 and is now the largest online buying and sel...
14 December 2018
We look at how retailers in Spain are extending their international partnerships and investing in digital to expand their reach. Alibaba’s AliExpress renews partnership with Correos Alibaba’s ecommerce platform AliExpress has extended its partnership with local postal service company Correos. The partnership, which began in 2015, aims to help small to medium-sized Spanish companies increase...
22 March 2018
OXXO and Soriana’s latest results show the improving shopping environment in Mexico. We look at their performance in more detail. OXXO Q4: increasing footfall and shopper spend During Q4, OXXO’s revenue increased by 10.1%, with same-store sales up 4.7%. This was driven by an increase in shopper spend (2.7%) and footfall (1.9%). Same store sales for FY2017 were +6.4%. OXXO’s expansion rem...
18 December 2017
Soriana has announced it is entering the gas station market. This is through a commercial alliance with Hidrosina. The retailer is looking to open mini gas stations, located in its supermarkets, across Mexico. First store opening Soriana has converted its first gas station to its own brand in San Luis Potosi, Mexico. Two new stores are set to follow this, in Monterrey and Torreon. Hidros...
29 August 2017
We've been to visit the Hiper Miyana concept from Soriana in Mexico City. Here we explain how it stretches retail, food-to-go and foodservice thinking. 1. An impressive hypermarket at the heart of the development The hypermarket itself can easily be overlooked, given the fantastic array of food options available. However, there's lots to get excited about, given the impressive fresh proposi...
16 August 2017
We look at Mexico’s Soriana and how it is continuing to develop its premium format, Híper Miyana by bringing fresh into focus. Priority for the year ahead Soriana has said that expanding on its existing two Híper Miyana’s is a key focus for the year ahead, as the stores evolve its brand further. We look at three ways it is focusing on fresh, to deliver a great in-store experience. 1. Foo...
04 May 2017
Soriana has announced a Q1 rise in like-for-like sales of 1.7%, a marked slowdown on the +5.3% of the previous quarter. A less favourable trading background Soriana has experienced the same difficulties as Walmart de Mexico, with the widespread protests over gasoline price increases, leading to looting and the temporary closure of many stores. Consumer confidence also fell during this time...
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...
26 October 2016
Walmex and Soriana have released results for the third quarter of 2016. Walmex's net sales were up 10.8% against the same period in 2015, while Soriana's increased by 39.5%. Operating income grew by 13.3% for Walmex and 87.4% for Soriana. Walmex and Soriana: Q3 compared Source: Walmex, Soriana Same store sales growth boosts performance Both retailers said same store sales grow...