The hard discounters business model is still in its infancy in Mexico within the Modern channel. According to Nielsen, hard discounters, such as Tiendas 3B and Tiendas Neto, only accounted for 2.3% of sales in the Mexican grocery market by 2022. Although large retail players, such as Walmex
K. Anthony Hatoum founded a successful chain of discount retail stores in Mexico based on his experience in Turkey. He also adapted for Mexico the deep discount concept, which was born in Germany after World War II. The Germans invented the concept because there were shortages and a
Tiendas 3B, a Mexican discount retail chain owned by BBB Foods Inc. operated 2,288 stores at the end of 2023, with annual sales of US$2.3 billion. Headquartered in Mexico City and founded by Anthony Hatoum, Tiendas 3B operates primarily in the grocery and convenience store sector and is
World automotive vehicle production increased 9% from 2022 to 2023, reflecting a 13% increase in vehicle production in Europe, 10% in China, 9% in North America and flat production in South America. In 2023, the automotive industry experienced an increase in global customer sales and production schedules, despite
The U.S. railroad company Union Pacific Corporation released its capital plan and safety targets for 2024. For the current year, the company expects its capital plan to be approximately US$3.4 billion, 8% less than in 2023. Union Pacific plans to continue making investments to support its growth strategy,
The generation infrastructure of Mexico‘s Comisión Federal de Electricidad (CFE) is diverse and encompasses different technologies. As of June 30, 2023, CFE’s generation sources were dominated by: combined cycle, hydroelectric and conventional thermal. Of the company’s total generation, 43.2% corresponded to combined cycle plants, which are electricity generation