Oxxo Expects Sales To Fall

The director of Mexican convenience store chain Oxxo, a subsidiary of Mexican beverage giant FEMSA, has said that he expects sales to fall this year due to the impact from the global economic crisis. This would represent the chain's first fall in sales since the 1980's and would come after five years of very strong growth. The company focuses on defensive sectors, such as alcohol and soft drinks, and a fall in sales in these areas suggests that the economic downturn is having a far reaching impact on Mexican

To read the full article, please choose one of the following options: