Mexico retail business grows

14 Aug 2019

According to a report by the U.S. Department of Agriculture, Mexico’s retailers are increasingly choosing to adopt e-commerce. 

The report revealed that consumer expenditure per capita in Mexico totalled to €6,461 in 2018 and is expected to expand by 1.6% in 2019. The retail sector registered single-digit sales value growth in 2018, a lot of which had been led by inflationary pressures. 

As The Packer reports, major multinational and local companies are growing in Mexico and will continue to do so, the USDA said. This is being done through the implementation of online platforms, which are aimed at attracting new consumers through e-commerce and mcommerce (mobile purchases).

The report also revealed which companies were the most prominent in Mexico’s retail sector, being Walmart, Aurrera, Soriana, Chedraui, Comercial Mexicana and OXXO.
Mexico also boasts 33 supermarket chains and 58,777 stores across the country. However, informal establishments make up almost 50% of the retail market, and that category includes street vendors and public markets. 

The report showed that retail sales grow steadily, by around 7.4% every year. 

According to the USDA, internet retailing has remained to be the most dynamic retailing channel in Mexico in 2018, having produced double-digit growth, and is mainly fuelled by convenience.