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Walmart, Soriana, Chedraui and La Comer Are 'Suffering' in Their Revenues and Facing Rising Inflation Ahead of Discounts
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Consumer spending in Mexico showed signs of fatigue at the beginning of 2016. In the aisles of Walmart, Soriana, Chedraui, and La Comer, customer traffic slowed and revenue growth lost momentum, a sign the sector interprets as a barometer of household spending sentiment. The four chains faced a first quarter marked by lower store traffic, operating cost pressures, and more cautious consumers, amidst persistent inflation and declining confidence.…
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