Business News

General
E-commerce continues to expand in Mexico
The study Venta Online en Mexico 2019, conducted by Netrica by Netquest, indicates that in 2017 only 7% used e-commerce on a weekly basis, during 2018 that figure rose to 38%. In the country, e-commerce continues to grow at double digits annually, it was growing at levels of 50% until 2016 and from there it has been advancing to levels of 20 or 25%, said Francisco Belgodere, CEO of Banwire: "It continues with a very good growth dynamic. Fernando Álvarez Kuri, Kantar's Vice-President, also contemplates an important growth in e-commerce. "Many of the barriers that were around this, reliability or the danger of data, have been overcome, these types of perceptions have been significantly reduced," he says in a telephone interview. "We are at a developmental level and it is growing significantly, we believe there is still room to grow. As we see the trends and the movement year by year, we believe that we can continue to grow at double digits in an important way," he adds. Netrica's survey points out that the reasons for purchase are receiving home purchases (58%), saving time (53%), finding more promotions and discounts than in the physical store (48%); they also highlight the ease of comparing prices and variety (47.4%), and finding products that are not available in the physical store (47%). Francisco Belgodere, sees in delivery a great opportunity for e-commerce, because he believes there is room for action to strengthen it with "smarter ways". "We depend on being at home to receive the package you buy, or on receiving it at the office. There is not yet a chain, a network built of places where you can pick up your purchases," he says in an interview. Today only Amazon has implemented a distribution network through Oxxo convenience stores for payment and delivery of purchases made on their platform. The market is getting used to buying online, to know all the security around the purchase and this benefits the online stores. José Ramón assures that another of the great challenges to be faced in e-commerce is logistics, because although companies have made great strides and there are more and more allies, there are still opportunities to meet the needs of customers who are behind computers or mobiles.   Source:https://www.economiahoy.mx/
Franchise Industry
Dolce & Gabbana introduces for the 1st time its service made to measure in Mexico and Latin America
Dolce & Gabbana is not stopping its commitment to the Mexican market and, after its recent openings in Veracruz and Mexico City, the Italian brand has presented for the 1st time in the country and Latin America its made to measure or tailor-made service. In the brand's boutique located in the Santa Fe shopping center in Mexico City, Dolce & Gabbana customers can choose from 500 types of fabrics such as silk, satin, wool or cashmere. An additional selection of 200 fabrics is available twice a year. All are produced exclusively for the firm. After the process in the store in the country's capital, the measurements are sent to Padua, Italy, where the ensign has about 70 tailors for the piece to be traced, cut and assembled and to be sent back to Mexico; this process takes between 8 and 9 weeks. Afterwards, the client will have the fitting and the buttons that were previously selected will be put on, in order to finish the process. The arrival of Dolce & Gabbana's made to measure service in Mexico, which was created in 2014, is part of an important consolidation that the firm has made in the country in the last months of the year. Recently, the company opened its first boutique in Veracruz, in El Palacio de Hierro in the Andamar shopping center, while it has opened its children's fashion pop-up store in Via Santa Fe, in Mexico City. In Mexico, the firm operates with independent stores and hand in hand with El Palacio de Hierro in Polanco, Perisur, Guadalajara, Monterrey, Queretaro, Masaryk, Via Santa Fe, Punta Norte, in Mexico City, and Fashion Harbour in Cancun. Dolce & Gabbana, whose founders recently declared that they want the company to remain in the hands of the Dolce family, employs 5500 people worldwide. In financial terms, in fiscal year 2018/2019, the firm recorded an increase of 4.6% in its turnover to 1.35 billion Euros.   Source:https://www.mexicanist.com/
General
16 tourism projects worth over US $3 billion under way in Riviera Nayarit-Mexico
Tourism investment continues to flow into the Riviera Nayarit, a region also known as Mexico’s Pacific Treasure. Sixteen new hotels, resorts and residential projects are scheduled to be completed on the Nayarit coast between next year and 2025, while two projects were finished last month. The 268-room Marival Armony resort opened in Punta Mita in November and the 678-room Riu Vallarta resort re-opened after an extensive refurbishment. Five projects will conclude in each of 2020 and 2021, while a further seven are expected to be completed between 2022 and 2025. Those set for completion next year are Aurberge’s 59-suite Susurros Del Corazón resort in Punta Mita; a 325-room Conrad by Hilton resort in Litibú; the 145-villa One & Only residential development in Mandarina; a 92-room resort by Barceló in Nuevo Vallarta; and the 50-room Four Seasons resort in Punta Mita, which is being renovated. A total of 1,635 new rooms will open in 2021 at the Secrets Resort & Spa in Punta Mita, the Dreams Resort & Spa in the same location, the Ritz Carlton Reserve in Costa Canuva, the Iberostar Grand in Litibú and the Vidanta World Park in Nuevo Vallarta. All told, investment in the projects is about US $3.3 billion, a figure which includes resources provided by the National Tourism Promotion Fund. “Mexico’s Pacific Treasure is attracting more and more international hotel groups that contribute to its growth in terms of its tourism offerings; we’re glad that investors and developers have the confidence in us to bring in these new premium tourism projects,” said Jesús Carmona, President of the Banderas Bay Hotel and Motel Association and the Riviera Nayarit Convention and Visitors Bureau. “The destination had a very successful 2019 and welcomed more than 2.7 million visitors; Mexico was the main country of origin, followed by the United States, Canada, England and South America,” he added.   Source:https://mexiconewsdaily.com/news/16-tourism-projects-under-way-in-riviera-nayarit/  
Information Service
Televisa holds 12.3% of Mexico´s ICT market
Grupo Televisa has a 12.3% share in the Mexican ICT market, considering figures for the third quarter of 2019. In particular, Televisa Cable reaches a portion of 7.6%, while Sky covers 4.7% in this indicator. The dominant company is América Móvil with a 59.5% market share. They follow: AT&T (12.3%), Telefónica (5.7%) and Megacable (3.8%). The company faces competition in all of its activities, including television signal transmission, television advertising sales, cable, pay television, telecommunications, and other businesses. At the end of 2017, IFETEL completed the auction procedure for various licenses for open television broadcasting in Mexico. As a result, 13 groups and/or entities have a license (concession) to operate in various cities throughout Mexico. This will mainly result in additional competition for Televisa's local channels. In radio signal transmission, it competes with other radio stations in their respective markets. Among the main competitors are Grupo Radio Centro, NRM Comunicaciones and Grupo ACIR. With respect to advertising, the company's radio and television stations compete with other radio and television stations in their respective markets, as well as with other advertising media such as pay television, newspapers, magazines, internet and spectacular outdoor advertising. The DTH business faces competition from several competitors, including Dish Mexico, a DTH pay television platform, which launched its services in Mexico in late 2008, Start TV, a DTH pay television platform, Megacable, Total Play, cable television companies that are subsidiaries of the Company, as well as digital television platforms and OTT platforms. In addition, DTH's business competes with other media related to advertising and sales, including, among others, pay television, spectacular outdoor ads and publications. The cable industry in Mexico is proving to be highly competitive and the company faces significant competition. Most cable operators are authorized by the Mexican government to provide pay television, broadband Internet and voice services, including Voice over Internet Protocol or "VoIP" services, which represents a risk to the Company.   Source:https://www.milenio.com/
General
15 Tesla Cybertrucks ordered by Mayor in Mexico
Deliveries of the Tesla Cybertruck won't begin before late 2021, the California company has already received pre-orders for more than 250,000 units. It turns out 15 of these come from Adrián Esper Cárdenas, the mayor of Ciudad Valles in San Luis Potosí, Mexico. The Cybertruck comes with an industry-standard 6.5-foot pickup bed and a 3,500-pound cargo capacity, and it's available with either a single-motor / rear-wheel-drive setup, a dual-motor / all-wheel-drive setup, or a tri-motor / all-wheel-drive arrangement. For off-roading, it features a 35-degree approach angle, 28-degree departure angle, and it can tow up to 14,000 pounds. And since this is an EV truck with an air suspension, electric outlets and air lines for power tools are literally built into the package. Esper said he did not consult his constituents about the purchase but said his decision to buy the electric vehicles for police, trash collection and other uses was "common sense." "It's not about speed, because we don't want speed. What we're looking for is torque in order to haul water pipes, the garbage trailers. They'll have twice the loads of a normal truck," he said. Although the models Esper ordered come with price tags of US $49,900 and US $69,900, he claimed they would generate savings as high as US $1.2 million annually, since the zero-emission trucks require little maintenance and no gasoline to operate.   Source:http://www.banderasnews.com/
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