EconomyFinancialLiverpool, Soriana and La Comer consolidate their recovery despite...

Liverpool, Soriana and La Comer consolidate their recovery despite inflation

The rise in prices that the inflationary escalation has brought has not stopped supermarkets and department stores, which maintain the dynamism in sales while they forget about the consequences of COVID-19. Establishments affiliated with the National Association of Self-Service and Department Stores (ANTAD) registered a 7.9% growth in June sales in stores with more than a year in operation, known as ‘equal stores’.

Considering the stores opened in the last 12 months, the increase in revenue was 10.3% compared to the same period in 2021, according to ANTAD data.

In the accumulated of the first semester of the year there was also a growth. From January to June, the accumulated sales of the member companies amounted to 660.1 billion pesos, 3.3% more compared to the 638.6 billion pesos that were billed in 2019, the year before the pandemic.

With this result, those associated with ANTAD spent four months with a billing level above 2019, in a context that continues to test them with generalized increases in product prices and with Mexicans opting for some strategies, like bulk purchases.

Some of the stores associated with ANTAD, such as Liverpool, Sanborns and La Comer, will present their financial reports for the second quarter of the year at the end of the month, and although the recovery varies from one to another, during the first quarter they obtained positive results.

Liverpool has been one of the best performing companies. In the first quarter of the year alone, it accumulated sales of 32,246.7 million pesos, which represent an advance of 26% compared to 25,586 million pesos in the same period last year, when they still operated with reduced capacity to avoid contagion from the second wave of coronavirus in the country.

Grupo Sanborns, owned by businessman Carlos Slim, managed to exceed the sales level of 2019 by 17.6%, reporting revenues of 13,499 million pesos, according to data from the quarterly report sent to the Mexican Stock Exchange.

Among supermarkets, La Comer achieved sales of 7,611 million pesos during the first quarter of 2022, an increase of 15.1% compared to the same period in 2021.

At the end of 2021, the commercial chains that make up ANTAD grouped together more than 46,600 stores. The total sales area of these establishments totaled more than 21.9 million square meters.

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