NEW YORK (5/11/2011)–CBX, the strategic branding and retail design consultancy based here, announced that its Retail Division has been retained by Cadena Comercial OXXO, North America’s largest operator of convenience stores, to assist with an expansion of its foodservice offer.
Headquartered in Monterrey, Mexico, OXXO presently operates 8,426 c-stores across Mexico and Latin America and is wholly owned by FEMSA (Fomento Económico Mexicano), a beverage company best known as brewers of Sol, Carta Blanca, Tecate and Indio beer. The chain currently offers traditional c-store fare such as hot dogs, sodas and bakery items, as well as a vast selection of bottled beverages.
In addition to working with the chain on developing its food program, CBX is consulting on a variety of operational matters related to the foodservice program. “Mexico’s middle class continues to grow and OXXO wants to position itself for future growth and profit,” explained Ralph Sloan, Senior Partner, Retail at CBX.
Since its founding in 1977 in Monterrey, OXXO operates freestanding stores ranging from 1,500 to more than 3,000 square feet. Aggressively expanding, the chain is on track to field more than 12,000 stores by 2014. In 2010, OXXO unveiled about 1,080 new stores, for an average of 2.9 stores opening daily.
OXXO stores are easily identified by its consistent red-and-white sans serif logo along with well-executed interiors. The stores, most of which operate 24 hours a day, serve the everyday needs of millions of Mexicans who can visit a conveniently located OXXO store by foot or car. The chain offers its customers easy access, a fast and comfortable shopping environment and the ability to directly pay utility bills in store. Customers can find hundreds of everyday items from a wide array of household staples that range from laundry detergent to Mexican dietary mainstays such as tortillas and produce at prices competitive with the country’s supermarkets.