Chedraui Sees Growth Opportunities in Mexico

Chedraui, the third largest supermarket chain in Mexico, sees growth opportunities in the country through its acquisition of Smart & Final.

This is one of the many Grupo Comercial Chedraui stores in Mexico. Photo: shutterstock.com/photopixel.

04/18/2022

Grupo Comercial Chedraui, the third-largest supermarket chain in Mexico, has announced its intention to capitalize on growth opportunities in the country through its acquisition of Smart & Final, an American price club.

The company acquired Smart & Final in May 2021 and is considering expanding its presence to other regions of Mexico. Although Smart & Final is smaller in size compared to competitors like Sam's Club, owned by the retail giant Walmart de México y Centroamérica, and Costco Wholesale Corporation, Chedraui plans to enhance services and improve the consumer experience.

Executives conveyed this strategy during a conference call with analysts and investors. Chedraui has formed an alliance to operate Smart & Final stores in Baja California and Sonora, where the performance has been positive. Currently, there are 17 Smart & Final units operating in Mexico.

Read the full article in Spanish

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