This week’s surprise announcement that Mexican retail majors Soriana, Comerci and Gigante are to form a supplier alliance better to compete against US giant Wal-Mart de Mexico (Walmex) could be the first move in a much-anticipated consolidation game.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Soriana, Comerci and Gigante are to set up joint bulk merchandising systems and share technology. Analysts have been quick to interpret this as a move towards further cooperation in the near future. “We would not underestimate the importance of the announcement,” analyst Pablo Zuanic of JP Morgan said in a report yesterday [Thursday].

The three retailers have combined revenue roughly equal to that of Walmex, whose rise to dominance in Mexico has been driven by rapid expansion.

Shares in both Soriana and Comerci rose on the news, while Gigante was untraded, reported Reuters.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now