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 to be the best indicator of consumer demand.
Walmex has more than 700 stores and restaurants in Mexico and has used aggressive expansion and low prices to dominate Mexico’s fragmented retail market.
Other smaller retailers such as Soriana (SORIANAB.MX: Quote, Profile, Research), Gigante (GIGANTE.MX: Quote, Profile, Research) and Comerci (COMERCIUBC.MX: Quote, Profile, Research) (MCM.N: Quote, Profile, Research) have struggled for several quarters to keep up with the sales expansion at Walmex, losing market share.
More: today.reuters.com
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
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 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
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
UPDATE: Mexico 2005 Auto Production Up 6.6% To 1.6 Million Units
MEXICO CITY -(Dow Jones)- Mexico's auto production rose 6.6% last year to 1.6 million units, reversing four years of declines in a key manufacturing sector, the Auto Industry Association said Tuesday.
AMIA, as the trade group is known, said exports last year rose 8.4% to 1.2 million units, and domestic sales - which include imported cars - rose 3.3% to 1.1 million units.
The auto industry represents the largest single manufacturing sector in Mexico, and weakness in the industry has proved a drag on growth in industrial production in recent
UPDATE 1-Mexico's Geo 3rd-qtr net profit rises 32 pct
Geo, Mexico's No. 1 home builder, posted a 32 percent rise in third-quarter net profit from a sales surge during a nationwide housing boom.
Geo (GEOB.MX: Quote, Profile, Research) said on Wednesday net profit in the July-September period was 267 million pesos ($25 million) as revenues rose 24 percent.
Revenues at Geo jumped to 2.657 billion pesos as the company sold 9,624 houses in the period, up from 8,600 homes in the same quarter a year earlier.
Geo said its core earnings before interest, taxes, depreciation and amortization rose 31 percent to 641 million pesos.
"For
UPDATE 3-Political ads boost Q2 profit at Mexico's Televisa
MEXICO CITY, July 14 (Reuters) - Mexican broadcaster Televisa's second-quarter net profit rose 165 percent, driven by rising political advertising and better results at its satellite business, the company said on Thursday.
It also increased its broadcast television sales outlook for the rest of the year.
Televisa (TV.N: Quote, Profile, Research)(TLEVISACPO.MX: Quote, Profile, Research) earned 1.277 billion pesos ($118.5 million) in the quarter to end-June compared with 482 million pesos a year earlier, when it had a one-time charge from losses at its Sky satellite unit.
More: today.reuters.com
UPDATE 3-Mexico's Cemex net profit almost doubles on RMC buy
Mexico's Cemex (CX.N: Quote, Profile, Research), the world's No. 3 cement maker, almost doubled its net profit in the third quarter from higher sales after the consolidation of its acquisition of Britain's ready-mix concrete giant RMC.
Cemex (CEMEXCPO.MX: Quote, Profile, Research) said on Friday its July-September net profit was $675 million, lower than market forecasts, but up from $361 million a year earlier.
A Reuters' survey of six analysts had yielded an average forecast that net profit for Cemex, which operates in more than 50 countries, would come in at $783
UPDATE 3-Mexico's Cemex net profit almost doubles on RMC buy
Mexico's Cemex (CX.N: Quote, Profile, Research), the world's No. 3 cement maker, almost doubled its net profit in the third quarter from higher sales after the consolidation of its acquisition of Britain's ready-mix concrete giant RMC.
Cemex (CEMEXCPO.MX: Quote, Profile, Research) said on Friday its July-September net profit was $675 million, lower than market forecasts, but up from $361 million a year earlier.
A Reuters' survey of six analysts had yielded an average forecast that net profit for Cemex, which operates in more than 50 countries, would come in at $783
