January 16, 2020 / 4:52 PM / 3 days ago

Mexican retail group forecasts 3% rise in sales in 2020

MEXICO CITY, Jan 16 (Reuters) - Mexico’s principal retailers’ association on Thursday forecast that sales at stores open for at least a year would increase by 3% in nominal terms this year compared to 2019.

The group known as ANTAD said same-store sales rose 3.6% in nominal terms in December from the same month a year earlier. Sales rose by 3.4% in nominal terms during all of 2019, it said. (Reporting by Daina Solomon Editing by Dave Graham)

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