Mexico’s retail industry enters recovery phase, led by footwear and apparel

Mexico’s “Economist” reported on September 23 that according to data from the Mexican National Bureau of Statistics’ “Business Company Survey”, the country’s retail sales of goods entered the recovery stage in July this year, with month-on-month sales It increased by 5.5%, but still decreased by 12.7% year-on-year. By type of retailer, sales of clothing, footwear and other clothing accessories recovered the fastest, with a month-on-month growth of 42.6%. In addition to the clothing industry, personal supplies, daily necessities, and home appliances ranked second and third in month-on-month growth, with increases of 17.5% and 15.5% respectively. According to analysis, the reopening of shopping malls may be the main reason for the recovery of the retail industry. </p