5 June 2019
The Weekly

Liverpool continues to promote Suburbia with openings in Pachuca and Monterrey. The former Walmart chain, acquired by the departmental store group in 2017, has begun to recruit employees for two of the 16 stores it plans to launch this year. Since its purchase, Liverpool has been gaining ground with Suburbia in cities where it has no presence with its homonymous chain. In the last year, the company launched new stores in locations such as Atlacomulco, Querétaro and Mexico City, among others. Suburbia plans to reach 250 stores in the next four years. In addition to its offline expansion, Liverpool launched in 2018 an ecommerce platform, which will continue to strengthen throughout the 2019 financial year. Despite the expansion, comparable sales of Suburbia fell by 0.5% in the first quarter, while those of Liverpool increased by 4.9%. In general terms, the total income of the Mexican group was 27,469 m pesos (1,453.6 m dollars), 8.7% more than in the first three months of 2018. Liverpool plans to complete the transformation of the Fábricas de Francia stores in the third quarter of 2019. The benefit of Liverpool, on the other hand, stood at 1,037 m Mexican pesos (54.8 m dollars), 3.4% more than last year.