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Reuters
Published
Aug 13, 2009
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Mexico's same-store sales flat in July

By
Reuters
Published
Aug 13, 2009

MEXICO CITY, Aug 12 (Reuters) - Mexican retailers group ANTAD said on Wednesday 12 August its members' same-store sales were unchanged in July compared with the same month a year ago, supporting the view that a deep recession may almost be over.



Battered by slumping U.S. demand, Mexico's economy is struggling through a deep recession and is seen shrinking around 7 percent this year.

But some analysts say the economy may be hitting bottom and that growth could resume over the next few months.

ANTAD groups leading supermarket chains like Wal-Mart de Mexico (WALMEXV.MX), Soriana (SORIANAB.MX) and Comercial Mexicana (COMEUBC.MX), as well as department and specialty stores.

Supermarkets reported a 1.1 percent increase in same-store sales in July.

In June, same stores sales, or those recorded at outlets that have been open for at least 12 months, dropped 3.5 percent, year over year.

(Reporting by Gabriela Lopez; Editing by Phil Berlowitz)

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