July 23, 2021 | 5:46 pm
Alsea, which operates the Starbucks and Domino’s chains in Mexico, left the National Association of Self-service and Department Stores (ANTAD), according to information from El Financiero.
“Today they no longer belong to ANTAD, it is part of a process that is reviewing the strategy and its transformation, but Alsea always recognizes all the work that ANTAD is doing in economic reactivation,” the company told the media.
Alsea’s exit comes after Oxxo, Femsa’s commercial division, left ANTAD in April this year, following in the footsteps of Walmart de México y Centroamérica (Walmex), which left the association in 2019.
The Party City party product chain, as well as the Recubre stores, also left ANTAD along with Alsea, run by businessman Alberto Torrado. Instead, Farmacias San Pablo registered with the agency.
According to El Financiero, Alsea’s sales in 2020 contributed 1.5% of the income recorded by ANTAD from its affiliates. In 2019, prior to the COVID pandemic, its results represented 2% of total sales.
During June, sales to same ANTAD stores had an annual growth of 21.1%, derived from a low comparison base in the same month last year due to restrictions on mobility due to the pandemic.
The association that groups together other commercial chains such as Liverpool, El Palacio de Hierro, Soriana and 7-Eleven recorded revenues of 598.3 billion pesos in the sixth month of 2021, an annual increase of 2.3%.
The growth of this commercial segment improved in the first months of the year due to the relaxation of restrictions on mobility, which boosted consumption and the influx of establishments.
However, Mexico is experiencing a third wave of COVID-19 infections. The government of Mexico City even said that the capital will return to an orange traffic light starting next week, although no additional restrictions will be implemented.