The Report Covers Retail Stores in Mexico. The Market is Segmented by Product (Food and Beverage and Tobacco Products, Personal and Household Care, Apparel, Footwear and Accessories, Furniture, Toys, and Hobby, Industrial and Automotive, Electronic and Household Appliances, and Other Products), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores and Department Stores, Specialty Stores, Online, and Other Distribution Channels). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Revenue of the retail industry in Mexico amounted to over eight trillion Mexican pesos in 2023. This represents an increase of ten percent compared to the previous year.

Retail Sales in Mexico increased 2.70 percent in January of 2025 over the same month in the previous year. This dataset provides - Mexico Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The value of the retail apparel market in Mexico increased by roughly two billion U.S. dollars in 2023, compared to the sales in the previous year. Out of those 31.1 billion U.S. dollars in the Mexican retail clothing market, the women's segment accounted for over 14 billion U.S. dollars. By 2027, the Mexican apparel market is forecast to value over 37 billion U.S. dollars.

The retail revenue of supermarkets and convenience stores in Mexico was estimated at approximately two trillion Mexican pesos in 2023. This represents an increase of 14 percent compared to the previous year.

"Retailing in Mexico, Market Shares, Summary and Forecasts to 2021", provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Mexcian retail environment. In addition, it analyzes the key consumer trends influencing Mexico retail industry. Read More

The sales of the top five retailers in Mexico held 45.5 percent of the market in 2016, with Walmart in the lead, accounting for 23.3 percent of sales. According to estimates, the combined share of the leading five retailers in the Mexican retail space declined slightly to 43.5 percent in 2021. Forecasts for 2026 indicate that Walmart will continue to lead the market although with declining sales share.

The pie chart showcases the distribution of app/software spending by store category in Mexico, providing insights into how eCommerce stores allocate their resources on the app or software they utilize. Among the store categories, Apparel exhibits the highest spending, with a total expenditure of $3.09M units representing 13.26% of the overall spending. Following closely behind is Beauty & Fitness with a spend of $1.62M units, comprising 6.95% of the total. Food & Drink also contributes significantly with a spend of $834.20K units, accounting for 3.58% of the overall app/software spending. This data sheds light on the investment patterns of eCommerce stores within each category, reflecting their priorities and resource allocation towards app or software solutions.

The report covers Mexico E-commerce Retail Market, Mexico E-commerce Retail Industry, Mexico Online Retail Market, Mexico Online Shopping Market, E-Commerce in Mexico, Leading Online Retailers in Mexico, E Commerce Business in Mexico

Mexico Retail Solutions And Services Market size was valued at USD 521.28 Million in 2023 and is projected to reach USD 1,008.87 Million by 2031, growing at a CAGR of 8.68% during the forecast period 2024-2031.

Mexico Retail Solutions And Services Market Executive Summary

Several significant factors influence the growth and evolution of Mexico’s retail solutions and services sector. These drivers include technology developments, shifting consumer behaviors, and economic considerations that collectively propel the market ahead. The growth of the e-commerce sector in Mexico is a primary factor. As more people shop online, merchants adopt innovative technologies to manage online sales, inventory, and customer interactions. Furthermore, using digital payment methods speeds up transactions and improves the online shopping experience, prompting more investment in retail technology.

Moreover, Today’s consumers want individualized purchasing experiences. Retailers are investing in CRM systems, AI-powered analytics, and customer data platforms to meet these demands. The demand for seamless integration of online and offline purchasing channels is driving merchants to implement unified commerce solutions that deliver a consistent customer experience across all touchpoints. However, the retail solutions and services business in Mexico face significant challenges due to strict import and export rules. These rules lead to increased expenses, supply chain interruptions, and operational complexity, which hinder market development and innovation. Mexico’s complex taxation structure, including Value Added Tax (VAT) and various local levies, poses difficulties for retailers. Compliance requires significant time and financial resources, potentially hindering investment and expansion. Moreover, frequent changes in tax legislation and a lack of clarity can create compliance challenges and lead to penalties for merchants.

This chart offers an insightful look at the store count by category in Mexico. Leading the way is Apparel, with 3.62K stores, which is 25.33% of the total stores in the region. Next is Home & Garden, contributing 1.62K stores, or 11.33% of the region's total. Beauty & Fitness also has a notable presence, with 1.39K stores, making up 9.75% of the store count in Mexico. This breakdown provides a clear picture of the diverse retail landscape in Mexico, showcasing the variety and scale of stores across different categories.

In Mexico, the estimated sales amount across various store categories provides key insights into the market's dynamics. Home & Garden, as a prominent category, generates significant sales, totaling $72.39B, which is 1.31% of the region's total sales in this sector. Apparel follows with robust sales figures, achieving $4.40B in sales and comprising 0.08% of the region's total. Sports contributes a considerable amount to the regional market, with sales of $1.17B, accounting for 0.02% of the total sales in Mexico. This breakdown highlights the varying economic impacts of different categories within the region, showcasing the diversity and strengths of each sector.

The research report provides both the historic and forecast market data of total retail sales, and the food and grocery market in Mexico. It illustrates the data with charts, graphs and tables summarizing the value, with category details in food and grocery sector. The forecasts include the impact of COVID-19 on growth. The research report also reveals major retailers share in food and grocery sector with their price and market positioning in 2020. Read More

Food and grocery is expected to grow at a CAGR of 5.1% Convenience Stores (including Independents) and Gas Stations command a major share in country’s overall food and grocery retail market Retailers have been focusing more on new store formats and remodelling their existing stores to strengthen their presence in mid-sized destinations Demand for healthy food on a rise with increasing concerns over obesity. Mexico turns out to be an early adopter of taxes on sugary beverages (10% per litre) and calorie rich junk foods (8% VAT) Drinks segment is expected to be the most promising market during the forecast period, with a CAGR of 5.9% over the next five years. Read More

The Report Covers POS System Mexico and the Market is Segmented by Type (Fixed Point-Of-Sale Systems, Mobile/Portable Point-Of-Sale Systems) and by End-User Industry (Retail, Hospitality, Healthcare). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

The Mexico E-Commerce Market Report is Segmented by B2C E-Commerce (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverage, Furniture and Home, and Others) and B2B E-Commerce. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In 2022, the women's retail apparel market in Mexico was worth over 14 billion U.S. dollars, making it the leading segment in the Mexican retail apparel market. The men's retail apparel market was the second-largest segment that year. Overall, the total retail apparel market in Mexico has increased only slightly since 2017.

The Mexico Foodservice Market is segmented by Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

This chart illustrates the estimated sales amounts generated by stores on various platforms within Mexico. Custom Cart shows a significant lead, with total sales amounting to $5.13T, which constitutes 93.07% of the region's total sales on platforms. VTEX reports sales of $152.26B, accounting for 2.76% of the total platform sales in Mexico. SAP Commerce Cloud also holds a notable share, with its sales reaching $140.70B, representing 2.55% of the overall sales amount. This data provides a comprehensive view of the market dynamics in Mexico, highlighting which platforms are driving the most sales.

In Mexico, the distribution of stores across different platforms presents a dynamic picture of the market. WooCommerce, as a leading platform, hosts 37.25K stores, accounting for 33.20% of the total store count in the region. This is closely followed by Shopify, which supports 33.24K stores, representing 29.63% of the region's total. Wix makes a significant contribution with 11.53K stores, or 10.27% of the total. The chart underscores the diversity and preferences of store owners in Mexico regarding their choice of platform.