Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/122387
mexico's boom THE COUNTRy'S ROBUST ECONOMy iS ENCOURagiNg MajOR RETaiL iNvESTMENT M By María Bird Picó exico's news media have been cheering their country's economic performance this year, and the retail and mall industries are celebrating too. in march the country's main retail trade group, asociación nacional de tiendas departamentales y autoservi- cios raised its estimate of the investment its members will make this year in new stores and distribution centers, technology and equipment by $32 million, to $4 billion. the investment is also $400 million larger than what members spent in 2012. antad predicts that the 103 retail chains it represents will see sales rise by some 11.5 percent this year over last year. "mexico is in vogue," said vicente Yánez solloa, the trade 240 SCT / M a y 2 0 1 3 Ph oto : EDGAR D GARR IDo /RE UtE RS/ NEwS com A BAnner ProclAiMing "low Prices, every dAy, in everything" on A wAlMArt store in Mexico city.