Mexico’s ANTAD Retail Sales Rise 1.7% at Same Stores in March

Overview

• ANTAD, the trade group for major retail chains, reported March same‑store sales up 1.7% in nominal terms with total-store sales, which include recent openings, up 3.8%.
• Retailers booked 134.3 billion pesos in sales for March, and first‑quarter revenue reached 388.9 billion pesos.
• For January to March, sales rose 2.0% at stores open at least a year and 4.1% when counting all locations.
• Specialty retailers led March results with same‑store growth of 4.9%, while supermarkets grew 0.3% and department stores 0.9%, reflecting stronger demand for categories like pharmacies and apparel.
• Analysts called the uptick modest given March inflation of about 4.59% and a drop in consumer confidence, and they noted growth remains below March gains seen in 2021–2024, pointing to low to mid single‑digit trends ahead.