In Mexico, convenience stores continued to be one of the most attractive retail channels, seeing double-digit growth in current value terms for the fifth year in a row. The main competitors made strong investments and continued to open new outlets and increase their presence in more cities in the country.
Although there are independent competitors within convenience stores, chained competitors have the strongest expansion plans and are set to continue growing over the forecast period. For brands such as 7-Eleven and Circle K, there are still several regions of the country in which they do not have a presence.
Thanks to the Energy Reform, several international companies have been opening petrol stations throughout the country; nonetheless, some of them only opened their first forecourt outlets in 2018. These companies are confident in their strategies to attract Mexican consumers – not only with a high-quality service, but also with a wide variety of products, for instance by offering imported products.
OXXO from FEMSA Comercio was the leading retail brand in convenience stores in 2018, dominating in value terms and seeing a share increase from 2017. OXXO showed the most aggressive investment, opening over 1,000 outlets during the year, but also remodelling some forecourt retailers with its new OXXO Gas fascia.
7-Eleven was ranked second within convenience stores in Mexico in 2018, and also held the same position in forecourt retailers. The company is constantly innovating in terms of the products and services it offers.
The company Krispy Krunchy Chicken has announced its interest in a commercial agreement with Circle K and Go Mart to open in-store formats. This strategy aims to reach the current customers of both convenience stores brands and attract more customers.
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Discover the latest market trends and uncover sources of future market growth for the Convenience Stores industry in Mexico with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Retailing market research database.