Strong retail sales raise hopes for Mexico economy
Mexican retail sales rose 5.2 percent in September as consumer spending gave a boost to an otherwise tepid economy dragged down by a weak manufacturing sector, the government said on Monday.
The gain matched economists’ median forecast.
“Things are turning around,” said Christian Stracke, lead emerging markets analyst at Wall Street research firm CreditSights. “We’ve seen a few months of pretty solid indicators coming out across the board.”
Wholesale sales rose 1.1 percent in September compared with the same month last year, and seasonally adjusted data showed retail sales rose 1.73 percent month-on month.
Mexican shoppers alone will not be able to lift the economy, but analysts cite their increasing confidence as a sign of wider improvements.
More: today.reuters.com
Brazil, Mexico markets fall, energy boosts Toronto
Brazilian stocks declined Friday, pulled down by a steeper-than-expected decline in U.S. industrial production, a fall in Brazilian retail sales and a growing aversion to risk among investors.
The benchmark Ibovespa index fell 0.4% to 29,772.
The announcement of a 1.3% drop in U.S. September industrial production, compared with a consensus estimate for a 0.4% decrease, dragged Brazilian share prices lower.
The stock market also had to digest a decline in Brazilian retail sales in August, down a seasonally adjusted 0.4% from July, according to data Friday from the Brazilian Census Bureau, or IBGE. It was
UPDATE 1-Mexico July same-store sales rose 3.1 pct - group
Mexico's top retailers' group ANTAD said on Monday its members' same-store sales rose 3.1 percent in July year-on-year, falling further behind powerhouse Wal-Mart's Mexico unit.
Wal-Mart de Mexico (Walmex) (WALMEXV.MX: Quote, Profile, Research), which is not in the association, said last week its same-store sales in July were up 7.5 percent.
The National Association of Supermarkets and Department Stores, or ANTAD, which includes about 100 of the country's main retailers, said members' total sales for July rose 10.8 percent from July 2004.
Same-store sales at outlets open 12 months or longer are considered
Mexicos Walmex April same-store sales up 9.9 pct
Leading Mexican retailer Wal-Mart de Mexico, or Walmex, said on Tuesday its same-store sales rose 9.9 percent in April, compared with a year earlier.
Walmex (WALMEXV.MX: Quote, Profile, Research), controlled by U.S. retail giant Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research), said total sales for the month were 14.966 billion pesos ($1.37 billion), up nearly 21 percent from the same month last year.
Same-store sales measure revenues only at stores open at least a year and are seen as the best performance indicator.
Analysts in a Reuters poll had forecast a 9 percent increase as sales
Mexico retailers seek antitrust law to slow Walmex
Mexico's long-established retailers want the Congress to strengthen antitrust laws to stop Wal-Mart's expansion juggernaut from devouring smaller businesses, a sector leader said on Thursday.
Vicente Yanez, head of the retail association ANTAD that includes about 100 top retailers other than Wal-Mart Mexico, said fierce competition from the global powerhouse is one factor squeezing sales for other retailers, along with a thriving informal economy and tepid economic growth in Mexico.
Yanez urged lawmakers to pass proposals to bring anti-monopoly laws to international standards and provide for more "equilibrium" in the market.
"In Mexico we're used to
Mexico Walmex same-store sales up 4.6 pct in Aug
Leading Mexican retailer Wal-Mart de Mexico, or Walmex, said on Thursday its same-store sales rose 4.6 percent in August, compared with the same month last year.
Walmex (WALMEXV.MX: Quote, Profile, Research) said total sales in August were 13.046 billion pesos ($1.2 billion), up 12.8 percent.
Same-store sales measure revenues only at stores open at least a year and are seen as a better indication of sales performance than overall sales.
Source: today.reuters.com
Mexicos Carso seeks to delist Sanborns retail unit
Mexican conglomerate Grupo Carso said on Monday it would ask shareholders to make an offer to buy up to 100 percent of outstanding shares in retail unit Grupo Sanborns and delist the company from Mexicos stock market.
Carso (GCARSOA1.MX: Quote, Profile, Research), an industrial and retail conglomerate that belongs to the business empire of Latin Americas richest man, Carlos Slim, said it would offer to pay 26 pesos per share it does not currently own in Sanborns (GSANBORB1.MX: Quote, Profile, Research), for an estimated total cost of 4.1 billion pesos ($376 million).
Source : today.reuters.com
Wal-Mart heads off rivals in small town Mexico]
Wal-Mart is stepping up its expansion strategy in Mexico to focus on smaller towns in a move that could help it gobble up more of the fragmented retail market, despite new offensives by competitors.
This week the huge retailer, known as Walmex (WALMEXV.MX: Quote, Profile, Research) in Mexico, said it boosted its expansion program to open 90 new stores this year, 20 more than first planned, an increase of 14 percent in sales floor space, much of it outside major cities.
The additional 20 stores were already included in the company's 2005 capital expenditures program
Mexico Border Retail the Highlight of Conference
An inside look at current and future trends in cross-border retailing, including the impacts of peso swings and increased border security, is the focus of a January conference in San Antonio.
"Cross-Border Shopping Activity" will be Friday, January 13, 2006, at the Holiday Inn Select, 77 N. E. Loop 410, San Antonio.
The conference is sponsored by the Federal Reserve Bank of Dallas, San Antonio and El Paso Branches; the Federal Reserve Bank of Chicago, Detroit Branch; and the International Council of Shopping Centers.
Participants can register to attend at http://www.dallasfed.org . Speakers will address
Mexico Sept same-store sales rose 1.3 pct - group
Mexico's top retailers' group ANTAD said on Thursday its members' same-store sales rose 1.3 percent in September, as they struggle to keep up with Wal-Mart's Mexico unit.
The National Association of Supermarkets and Department Stores, ANTAD, which includes about 100 of the country's main retailers, said members' total sales for September rose 9.5 percent from September 2004.
Most of that increase came from greater floor space.
Wal-Mart de Mexico (Walmex) (WALMEXV.MX: Quote, Profile, Research), which is not in the group, is eating up market share and said last week its same-store sales were up
Mexico top retailers say Nov. same-store sales fell
Mexico's top retailers' group ANTAD said on Thursday its members' same-store sales fell 0.4 percent in November, as market leader Wal-Mart de Mexico again rolled over its rivals.
The National Association of Supermarkets and Department Stores, ANTAD, which includes about 100 of the country's main retailers, said members' total sales for November rose 8.3 percent from November 2004.
That increase was due largely to an increase in sales floor space of 11.8 percent among members. Same store sales, which measure performance only a stores open at least a year, are seen as the best
