It also has a very strong cash position and revenue flow that puts it in an ideal place to make acquisitions.” “Suburbia has stores right next to Liverpool, so this could bring direct cannibalization and trigger concerns from competition authorities,” said Actinver analyst Carlos Hermosillo. Serena Williams’ Best On-Court Tennis Outfits Through the Years However, in recent weeks, the appeal of such a transaction appears to have diminished amid doubts that Suburbia’s locations would help boost Liverpool’s fortunes and growing views that Liverpool intends to focus on a higher-end clientele. The market has speculated that leading department-store network Liverpool would swoop on Suburbia to integrate the chain with its struggling Fábricas de Francia arm.

He added that Coppel’s low-to-middle-class consumer target fits perfectly with Suburbia, whose clothing caters to Mexico’s dominant low-income segment. “I see an 80 percent chance for Coppel, a 15 percent chance for Liverpool and a 5 percent chance for Sears ,” said Gaspar Quijano, an analyst with Mexican broker Vector Casa de Bolsa. has put on the selling block for as much as $1.7 billion, analysts said. It does not store any personal data.MEXICO CITY - Mexican retailer Coppel is emerging as the strongest bidder for ailing Suburbia, the mass-market apparel chain that the Mexican subsidiary of Wal-Mart Stores Inc. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category 'Performance'. This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category 'Other.

The cookies is used to store the user consent for the cookies in the category 'Necessary'. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category 'Functional'. The cookie is used to store the user consent for the cookies in the category 'Analytics'. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. The recovery in departmental consumption should not only consider reopening measures, but also the macro effects (unemployment and loss of purchasing power). In addition, it will be key to evaluate the health scenario during the following months of 2021, validating the vaccination aspect and hoping that the rate of infections decreases so that the commercial reactivation improves eventually. If the issuer’s figures improve this year, the results will have an effect on a modest comparable basis. In 2020, nine department stores began operations under the name of Suburbia (Tláhuac, Mexico City Tlalnepantla, State of Mexico Guadalajara, Jalisco San Miguel Cuautitlán, State of Mexico Tizayuca, Hidalgo Zitácuaro, Michoacán Rosarito, Tijuana Baja California Saltillo, Coahuila Culiacán, Sinaloa).įor Monex, it is good to highlight the “resilient” aspect of the “e-commerce” format and that the re-opening process is currently beginning in various states, which opens the possibility of observing improvements during 2021 (in addition to the pace of vaccination, which has become stronger). The Internet platform Suburbia, although with interesting growths, is in its initial stages The Port of Liverpool

Sales to same stores in this format had a decrease that reflects the dependence on the sale of clothing, as well as on sales in the Metropolitan area of Mexico City. It is worth mentioning that the North, West and Gulf regions stand out for their good performance while the metropolitan area of Mexico City and Center perform below the average, mainly due to the closing of stores that took place until February. Regarding Liverpool stores, since April 2020 there has been a trend towards the “Big Ticket” categories, standing out Furniture, Appliances, Electronics and Exercise equipment. The Port of Liverpool operates a chain of department stores founded in 1847, which sells a wide variety of products including men’s, women’s and children’s clothing and accessories, household goods, furniture, cosmetics and other consumer products.Īs of March 31, 2021, the Company operated a total of 122 department stores under the Liverpool name 120 specialized boutiques and 165 stores with the Suburbia name. The Port of Liverpool reported that Suburbia decreased its sales in same stores by 16.7%, while Liverpool registered a rise of 1.2% in this indicator during the first quarter of 2021, at annual rates.

Tiendas de suburbia mexico