Towards the end of December of 2020 a Sears Department store closed in Monterrey, so that at the end of the year Sears and Boutiques had 97 stores with a total of 856,402 square meters of commercial floor space.
During 2020 Sears reported sales of $17,717 million pesos, thereby contributing 44% of the total sales and 73% of the consolidated EBITDA of Grupo Sanborns. The investment in new stores was halted and measures were implemented for the control of expenses related to rentals, electricity, and advertising and promotion expenses. The implementation of the technological tool is being carried out in order to improve the logistics of both the physical stores as well as online sales.
In regard to e-sales, the number of items offered in the www.sears.com.mx portal increased. Even with the availability of sales online and the expedited delivery of merchandise, the categories of fashion and furniture experienced a reduction in sales, while the sale of electronic and technology items increased.
$17,717
million pesos in sales, for a contribution of 44% to total sales and 73% to the consolidated EBITDA of Grupo Sanborns.
Total SALES
Million pesos