Express Boom Rapidly Changing Buenos Aires Supermarket Landscape

Patrick Archer buenos aires events, competitiveness, foreign investment, franchises, real estate, us companies

Hundreds of Asian-owned Buenos Aires supermarkets are closing¬†now that multinational giants like Carrefour and Walmart are blanketing BA barrios with their own “express” markets. “Around 400 super chinos closed last year alone and 1,100 jobs disappeared. The expansion of the large chains under the express model siphoned off a lot of our customers which hurt the profitability of our business,” …

Walmart International Sees Strongest Sales Growth in Argentina, China & Mexico

Patrick Archer competitiveness, foreign investment, us companies

Despite the media hype and bizarre headlines generated by the just completed Black Friday retail event, the annual day-after-Thanksgiving shopping holiday has come and gone with little economic impact in the US. In fact, a leading survey of economists forecasts US growth will be a modest 2.5% in the final three months of 2011. Just as a famous Wendy’s ad …