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.
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.
