“These formats are perfectly adapted to those of Tiendas Chedraui, Supercitos and Superchedraui that already exist in Chedraui,” the company said in the statement it sent to the Mexican Stock Exchange (BMV).
This is not the first purchase that Chedraui has made to strengthen its position in the market. In mid-2021, it acquired the Smart & Final price club in the United States, whose integration into its operations boosted the company’s net profit, which reached 1,467 million pesos during the third quarter of the year, 63.7% more compared to the same quarter of 2021.
During this year, it fully entered the low price race that characterizes the Mexican market and which led it to surpass Walmart in sales, at least during the second quarter of the year, in the midst of a context of high inflation, which pushes the buyers to be cautious when making their purchases.
The Veracruz company managed to position itself as the chain with the highest growth in same-store sales, that is, counting the establishments with at least one year of operation, with an advance of 16.2% in the self-service operation in Mexico. In the same period, Walmart grew 10.8%; La Comer, with 9%, and Soriana, with 6.4%. The growth of chains affiliated to the National Association of Self-Service and Department Stores (ANTAD) was 10.5%.
