Mexico Retailers Dec Same-Store Sales Down 0.2 Pct
 Cyntia Barrera Diaz - Reuters
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Mexico City - Mexican retailers group ANTAD said on Monday its members' same-store sales fell 0.2 percent in December, reflecting weak consumption in a month marked by aggressive Christmas sales and credit promotions.
Same-store sales, a key performance gauge for stores that have been open for at least 12 months, rose 5.5 percent in December 2006.
Supermarkets, restaurants and department stores had a rough ride in 2007, hurt by declining remittances from Mexicans living in the United States and by a cooling local economy.
The National Association of Retailers, or ANTAD, has Wal-Mart de Mexico (WALMEXV.MX), Soriana (SORIANAB.MX) and Comercial Mexicana (COMEUBC.MX) among its key members.
Last week, the newly appointed chairman of ANTAD, Jose Manuel Sanchez, forecast same-store sales this year would rise only 1 percent, the same as in 2007.
Editing by Maureen Bavdek) |
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