Mexico Cements Lead in E-commerce: The Week in Retail

Mexico’s online retail market reached MX$658.3 million in 2023, solidifying the country’s position as a leader in the sector. Meanwhile, Mercado Libre and Walmart have announced record investments in Mexico, with US$2.45 billion and US$2 billion, respectively, aimed at enhancing their operations and logistics. Additionally, both Inditex and Alsea both reported record earnings in 2023. 

Discover more in the world of retail this week!

Mexico's Online Retail Market Hits MX$658 Million in 2023: AMVO

Mexico's online retail market experienced significant growth in 2023, reaching MX$658.3 million, positioning the country as a global leader in sector expansion. Entrepreneurs focused on strategies like free shipping and promotions to attract customers, with a significant portion managing their online stores independently, particularly in Mexico City. 

Mercado Libre Unveils Record US$2.4 Billion Investment in Mexico

Mercado Libre has announced its largest investment in Mexico to date, totaling US$2.45 billion, with a focus on developing technological solutions for e-commerce, financial services, and logistics operations. With over 414,000 Mexican families relying on the platform for income, the company aims to bolster economic growth and social stability. 

Inditex Reports Record Profits, Revenue in 2023

Inditex achieved record profits and revenue in 2023, with €35.9 billion (US$39.09 billion) in revenue and a net profit of €5.38 billion, driven by its philosophy of prioritizing relevance over size. Strategic investments in sustainability and logistics expansion, including an 11% stake in a textile recycling startup and €1.8 billion investment in logistics centers, underscore Inditex's commitment to long-term growth and environmental responsibility.

Walmart to Invest US$2 Billion in Mexico, Central America in 2024

Walmart Mexico and Central America announced a significant investment of US$2 billion for 2024, a 19% increase from the previous year, as part of its strategy to generate value for stakeholders. Key areas of investment include existing stores (45%), new stores (29%), supply chain (15%), and technology (11%), aimed at enhancing omnichannel capabilities, expanding reach, optimizing logistics, and improving the overall shopping experience.

Alsea’s MX$6 Billion Investment in 2024, 60% Targeted for Mexico

Alsea revealed plans to invest MX$6 billion (US$359 million) in 2024, with a majority (60%) designated for its operations within Mexico. The disclosure, made during the company's analyst and investor day, outlined that 25% of the investment would target Europe, with the remaining 15% directed toward South America. The company reported a 50% increase in net profit at the end of 2023, driven by sales performance, and more.