Oxxo Riding Mexican Wave

May 2007 | Company Finance Alert

Convenience retailer Oxxo - a division of Mexican food and beverage major FEMSA Group - has announced an impressive start to the financial year with first quarter revenues, same-store sales and customer numbers all showing impressive growth. Oxxo, like its parent, has been seeking expansion in Mexico and as a result added 91 new stores to its 4,900 outlet strong network in the first quarter. However, more encouraging, in terms of securing market share within Mexico's increasingly consolidated and competitive mass grocery retail (MGR) sector, will be the same-store sales growth the retailer has

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