Liverpool-Nordstrom Merger Approved; Walmart Expands in Yucatan

This week in retail: Nordstrom shareholders approved a US$6.2 billion merger with Mexico’s Liverpool, marking the latter’s US market entry. Meanwhile, Walmart announced a major expansion in Yucatan despite a 12.1% drop in quarterly profits.

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Nordstrom Shareholders Approve Merger With Mexico’s Liverpool

Shareholders of the US department store chain Nordstrom have approved its merger with Mexico-based retailer El Puerto de Liverpool, a US$6.2 billion transaction that marks Liverpool’s entry into the US market.

Mexico’s Online Payments: Credit Cards Lead, Wallets Surge

In 2024, credit cards accounted for 34% of e-commerce transactions in Mexico, according to Worldpay’s latest Global Payments Report. This preference is fueled by bank promotions and the installment plans that appeal to cost-conscious consumers.

Walmart to Invest MX$1.9 Billion in Yucatan by 2027

Walmart’s Mexico and Central America branch (Walmex) announced a MX$1.92 billion investment in Yucatan, aimed at opening 27 new stores between 2025 and 2027 to expand its retail footprint in the region.

Retail Market Slows as Mexico's 1Q25 Sales Drop -0.2%

In the first quarter of 2025, Mexican department stores and supermarkets reported a -0.2% decline in same-store sales, signaling a general slowdown in the retail market, according to the National Association of Supermarkets and Department Stores (ANTAD).

Walmart 1Q25 Profit Down 12.1%, CEO Notes Trade Challenges

Walmart reported net income of US$4.5 billion for 1Q25, a 12.1% decline from the previous year but exceeding analysts’ expectations. The company credited strong US sales, particularly in groceries, while cautioning about ongoing inflationary pressures due to trade tariffs.