Coppel, Farmacias Similares Set 2025 Expansion Goals: Retail Week

This week in retail news, esports share key takeaways from 2024 and insights for the industry this year. Mexican retailer Coppel plans to invest MX$14 billion to remodel and open new stores by 2025, while Farmacias Similares aims to expand into Colombia.

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Lessons From Retail in 2024: Key Takeaways and 2025 Outlook

The year 2024 was a period of challenges and transformation for the Mexican retail sector. Through the analysis of key indicators, it became clear that physical stores continue to play a vital role in consumer behavior. Although the year was shaped by complex economic and social dynamics, it also offered encouraging signs that paved the way for a promising 2025.

Amazon Boosts Sustainable Shopping With Climate Pledge Friendly

Amazon Mexico has announced the launch of Climate Pledge Friendly, an initiative designed to help customers easily find and purchase products with verified sustainability features, certified by external organizations. A study conducted by OnePoll and Amazon revealed that 91% of respondents in Mexico would like to buy more sustainable products.

Coppel Plans MX$14 Billion Investment for 100 New Stores in 2025

Coppel, Mexico's largest private retailer, has announced a 2025 investment plan of MX$14.2 billion (US$690 million). Over 60% of the budget will be allocated to opening 100 new stores and renovating 66 existing locations. 

Farmacias Similares Faces Hurdles in Colombia Expansion Plans

Mexican pharmacy chain Farmacias Similares, renowned for its low-cost generic medications, has announced plans to expand into Colombia, aiming to introduce its accessible healthcare model to the country. However, the expansion faces significant regulatory challenges due to Colombian laws requiring minimum distances between pharmacies, fueling debate about competition in the pharmaceutical sector.

Puma’s Market Value Drops 20% Amid Profit Decline, Cost-Cuts

Puma’s market value has dropped by over 20% following a report of lower-than-expected fourth-quarter sales and a decline in annual profits, raising concerns about its competitiveness in the US$400 billion global sportswear industry. The German sportswear company announced a cost-cutting program to improve profitability as it faces increasing competition from rivals like Adidas and Nike.