Falabella Pulls Plug on Linio Mexico: The Week in Retail

Falabella has announced its decision to discontinue Linio operations in Mexico, redirecting its focus towards Sodimac and Soriana credit cards. Meanwhile, Coca-Cola has released its Integrated Annual Report, revealing a 7.8% year-on-year growth. Additionally, fast fashion giant Shein has made waves in consumer and seller dynamics by partnering with street vendors. 

Explore more this week in retail!

Falabella to Shut Down Linio Mexico Online Operations

Falabella, the omnichannel retail network, has shuttered its Linio online shopping site in Mexico, redirecting investments towards bolstering Sodimac's growth and expanding the Falabella Soriana credit card. The move is part of a broader optimization plan aimed at enhancing operational efficiency, customer value propositions, and financial sustainability.

Coca-Cola FEMSA Releases Transformative 2023 Annual Report

Coca-Cola FEMSA unveiled its Integrated Annual Report 2023, emphasizing its commitment to growth, sustainability, and cultural evolution through ten new guiding principles. The company surpassed 4 billion unit case sales, a 7.8% year-on-year growth, advancements in digital platforms like Juntos+, and investments in infrastructure and sustainability initiatives, including a record CAPEX exceeding US$1.2 billion.

Shein Harnesses Street Vendors for Growth in Mexico

Shein's disruptive impact on Mexico's fashion market is reshaping consumer habits and challenging established retailers like Liverpool and Coppel, prompting them to revamp their strategies to compete. With over 1 million partners and aggressive marketing tactics, Shein has gained significant traction in the country, offering fashion items at remarkably low prices. 

Fairplay to Offer MX$4 Billion to Mexican SMEs in 2024

Fairplay, a Mexican e-commerce and retail financer, is committing MX$4 billion in 2024 to support SMEs, addressing the financing challenges many faces in the competitive market. By investing in various categories, including retail, marketplaces, and subscription businesses, Fairplay seeks to empower SMEs to realize their full potential while streamlining the application process for accessibility and efficiency.

Amazon Drives Environmental and Social Change in Mexico

Through initiatives like The Climate Pledge, Amazon aims to reduce net greenhouse gas emissions to zero by 2040, garnering support from numerous companies globally. Locally, Amazon is investing in clean energy projects and improving operational efficiency in Mexico, while also focusing on social responsibility through collaborations with organizations like the Mexican Network of Food Banks and the Red Cross.