Mexican Retailers Court Growing Middle Class

Mexican Retailers Court Growing Middle Class

Modern supermarket formats are making inroads with the growing middle class South of the Border “There’s still plenty of room for long-term retail sales growth, given the size of the market and Mexico’s powerful economic growth." — Carlos Hernandez, analyst, Planet Retail  

The future looks bright for supermarket operators south of the border, down Mexico way, as they shift to smaller stores in smaller markets.

Though street vendors, open-air markets and mom-and-pop stores still play a big role in the Mexican grocery business, the proliferation of Wal-Mart formats up and down the country — and the competitive response by Mexican-based companies — has strengthened the position of modern supermarkets in Mexico over the last 20 years, industry obs

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