OXXO

OXXO
Subsidiary
Industry Convenience stores
Founded 1977 (1977)
Headquarters Monterrey, Nuevo León, Mexico
Number of locations
 17,500
Area served
 Latin America
Parent FEMSA
Website www.oxxo.com

Oxxo (stylized as OXXO) is a Mexican chain of convenience stores, with over 14,000 stores [1] across Latin America. It is the largest chain of convenience stores in Mexico.[2] Its headquarters are in Monterrey, Nuevo León.[3]

It is wholly owned by the beverage company FEMSA (Fomento Económico Mexicano).

OXXO was founded in Monterrey in 1977, following a FEMSA marketing plan to use company-owned stores to promote and market the Cerveceria Cuauhtémoc beer brands. This distribution method bypassed the traditional Mexican network of local wholesalers (depósito de cerveza) selling beer via local supermarkets and small stores (tiendas and miscelaneas). In the first stores, the only products sold were beer, snacks and cigars. The success of the stores was such that the project kept growing and OXXO built new locations rapidly, becoming an ubiquitous presence in Mexican cities and towns.

The first official OXXO store was opened in 1978 in Monterrey. OXXO stores then spread to Chihuahua, Hermosillo and Nuevo Laredo. Throughout the eighties, OXXO gained fame around the cities where it was established. In 1998, the 1000th store was opened. On July 6, 2011 was announced the opening of the 9000th store, established in Oaxaca.[4] With Mexico liberalizing its oil and gas market, OXXO has started to open gas stations as well with the first gas station opened in San Pedro Garza Garcia. Oxxo Gas aims to rebrand 49 additional stations this year, mostly in Monterrey, that are currently operating under the Pemex name. [5] [6]

See also

References

  1. ↑ FEMSA website. Retrieved September 5, 2016
  2. ↑ Post-Gazette
  3. ↑ "Directorio Principal Archived 2011-12-21 at the Wayback Machine.." OXXO. Retrieved on January 1, 2011. "Principal CORPORATIVO (81) 8389-2121 Edison No. 1235 Nte. Col. Talleres C.P. 64480 Monterrey, N.L."
  4. ↑
  5. ↑ Bloomburg: Femsa Opens Oxxo-Branded Gas Station, Taking on Pemex
  6. ↑ The Yucatan Times: FEMSA to Expand its Gasoline Business Through OXXO GAS
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