Mexico

Mexico’s economy will experience weak growth in 2020. Robust remittances, increases in minimum wages and declining inflation will boost consumption. Investment has been weak but will gradually strengthen on the back of lower interest rates. Export ...

Latin America’s growth should recover in 2020. The region’s consumer expenditure will also strenghthen in 2020. Caribbean economies will lag behind other countries due to their excessive reliance on tourism and remittances. Latin America is still ...

Home and garden specialist retailers maintained current value growth in 2019, thanks to a slight increase in outlet numbers. Consumers were interested in acquiring furniture or improving their homes, even though their household income did not ...

Homeshopping is a relatively small channel in the context of overall retailing. Its sales, for example, are a fraction of those in direct selling or e-commerce. In 2019, the channel witnessed the slowest growth it had seen for five years, with only a...

Direct selling continued to record a positive current value performance in 2019, but growth was slower than seen for many years. This trend was in line with the trend of the unemployment rate reported by the government, which showed a decline since ...

Discounters maintained dynamic current value growth in 2019, seeing the second highest increase within grocery retailers, although the growth rate was slightly slower than in the previous year. Nevertheless, discounters became the leading channel ...

Health and beauty specialist retailers continued to see growth in the number of outlets in 2019. After a year of decline in 2018, beauty specialist retailers saw a particularly strong increase in outlet numbers, whilst drugstores/parapharmacies also ...

E-commerce continued to see strong double-digit current value growth in 2019, despite already having become one of the largest retail channels. Annual double-digit current value growth is expected to continue in the forecast period. There are many ...

The rapid growth of modern grocery retail channels hampered the performance of traditional grocery retailers over the review period. However, the latter remained the largest channel within grocery retailers. Independent small grocers are highly ...

Consumers in Mexico have several channels through which they can buy electronics and appliances, including e-commerce, hypermarkets, discounters, variety stores, department stores and warehouse clubs. Despite this strong competition, electronics and ...

Despite seeing only marginal growth in outlet numbers in 2019, warehouse clubs maintained a much stronger level of current value growth, although this was still lower than in all other years of the review period. Of the players in warehouse clubs in ...

Vending is one of the smallest channels within retailing, accounting for a negligible share of overall retail sales. Although the channel continued to see a moderate current value increase in 2019, it was slightly slower than the growth rates seen in...

Variety stores continued to see current value growth in 2019, although this was slower than in previous years. Several of the leading players in variety stores have traditionally focused their sales strategies on low- and middle- income consumers, ...

Supermarkets in Mexico saw a rebound to a positive performance in current value terms and in terms of growth in outlet numbers in 2019, after seeing declines in 2018. This was to the falling number of outlets after the sudden exit of the domestic ...

Convenience stores continued to see strong current value growth in 2019, although this was slower than the growth rates seen in the previous four years. Nevertheless, it remained the fastest growing retail channel within grocery retailers in 2019. ...

Food and drink e-commerce continued to see strong current value growth in 2019. Going to the supermarket or public market for food is becoming increasingly tiresome for some Mexicans, because of the traffic and difficulty parking. Besides, lifestyles...

Apparel and footwear specialist retailers continued to see strong current value growth in 2019. This was partly due to the continued increase in the number of outlets. Many larger retail brands, including Flexi and Coppel Canada, which have the most ...

Mobile e-commerce is a sub-segment of e-commerce, and is defined as online purchases via mobile phones, tablets and wearables. In 2019, mobile e-commerce maintained dynamic double-digit current value growth, maintaining a trend seen since before the ...

Retailing continued to see current value growth in 2019. This was slightly lower than the increases seen in the previous three years, as consumer confidence fell slightly after the new president was sworn into office in December 2018, and uncertainty...

Department stores maintained current value growth in 2019, due to the opening of new outlets. However, the rate of increase was slightly slower than seen in all other years of the review period. The channel is expected to return to higher growth ...