What: According to Antad in Mexico, sales registered a growth of 6.5% in February compared to February 2022.

Why it is important: The report confirms that sales in February reached 227.8 billion pesos, exceeding the 204 billion pesos registered in February 2022.

“Equal stores” with more than a year of operation registered a growth of 6.5% while “total stores” that launched within the last 12 months recorded an increase of 9.4% in comparison to February 2022.

Antad encompasses commercial chains with 47,000 stores across Mexico, including IADS member, El Palacio de Hierro.

The Mexican National Association of Self-Service and Department Stores (Antad) sales continue to rise and exceed growth of 6%