Mexican retailer and Coca Cola bottler FEMSA has announced consolidated revenue growth of 10.2% in Q3. Total revenue growth for its OXXO convenience stores reached 10.1%, with the stores generating sales worth MXN48.4 bn (US$2.5 bn). Sales through its convenience stores account for over a third of FEMSA’s total company sales. Total revenues for its health and fuel divisions were up 26.6% and 1...

In its Q3 results, Walmex has reported consolidated revenue growth of 4.9% for its operations in Mexico and Central America. Total revenue for its stores in Mexico reached MX$126.98bn (US$6.7bn), representing a 5.2% growth. Performance driven by continued same-store sales (SSS) growth Walmex’s performance was mainly driven by strong SSS, however this was reduced when compared to Q3 last yea...

Uber has announced its acquisition of Cornershop, a grocery delivery app founded in Santiago, Chile and launched in 2015. An undisclosed fee has been agreed, however the deal is subject to regulatory approval. If it does go ahead the transaction is expected to close early 2020. Cornershop acquisition by Walmart previously rejected Walmex (Walmart Mexico) previously tried to acquire the Corn...