3B Stores Will Open 150 Stores As It Considers E-Commerce

Tiendas 3B, a mini-supermarket chain, experienced double-digit sales growth in 2020 and plans to continue expanding this year.
The company aims to open 150 additional stores, reaching 1,350 by the end of the year, while maintaining its focus on affordable prices.

In 2020, Tiendas 3B's revenues increased by more than 25%. Photo: Tiendas 3B

02/22/2021

During the coronavirus pandemic, self-service stores experienced growth, and Tiendas 3B was no exception. In 2020, this chain of mini-supermarkets increased its customer base and achieved double-digit sales growth, which it plans to maintain this year.

Anthony Hatoum, founder and CEO of the chain, states that the company's revenues grew by over 25% by the end of 2020, thanks to its business model that focuses on maintaining low prices. This approach has allowed them to achieve similar growth rates for the past seven years.

This year, the chain is preparing to open 150 more stores, reaching a total of 1,350 by year-end, in addition to its nine distribution centers. Without disclosing the investment amount, Hatoum explains that the location of these branches will follow the organic and "circular" growth strategy that has expanded the company's presence from Mexico City to the central region of the country.

Read the full article (in Spanish).

Latam

Mexico

Mexico City

Retail

Market Analytics

Retail And E-Commerce

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