2018 Annual Report

Sanborns is a unique retailing concept, highly successful in Mexico, and the leader in the sale of many categories of services and products such as books, photography equipment, cell phones and telephone accessories, perfumes and cosmetics. Additionally, it is the second largest chain of restaurants in the country.

In 2018, Sanborns stores reported $12.608 billion pesos in sales, with 24.0% of Grupo Sanborns’ consolidated sales and 12.0% of EBITDA. Among the most important activities of Sanborns in that year was its focus on categories of greater value and on increasing the number of its own credit cards outstanding. In 2018, two combined Sanborns-Sears stores were inaugurated in Cuernavaca Averanda and Parque Las Antenas under the concept of integrated stores, to take advantage of the department store traffic and increase operational efficiency, reducing the merchandise of lower turnover and profitability. The reopening of the stores located in the commercial centers of Galerias Coapa in Mexico City and Mérida Altabrisa in Yucatán, was also carried out, as well as the closing of eight stores that were not meeting the profitability benchmark.

At the end of the year, Sanborns had 167 stores and 255,752 square meters of commercial floor space.

 

Sales Breakdown by Category

Retail   
Food and Beverages   
Other

The stores located in the commercial centers of Galerías Coapa and Mérida Altabrisa were reopened.

 

$0
billion pesos in sales, with 24.0% of the Grupo Sanborns’ consolidated sales and 12.0% of EBITDA.

Total Sales
(Million pesos)

Compounded Store Sales by Sqm
(Thousand pesos)

Among the most important activities of Sanborns in the year was its focus on categories of greater value and on increasing the number of its private label credit cards.