FEMSA plans about 250 OXXO closures as Bara expands

FEMSA is closing about 250 OXXO stores in Mexico between July and December 2026 as it reviews the convenience chain’s network.

It closed 140 stores in the third quarter, while OXXO Mexico recorded 272 closures and 734 openings in the first nine months of the year.

OXXO still grew by 462 stores overall during those nine months because openings outnumbered closures.

Closing costs reduced the chain’s reported third-quarter operating profit growth to 5.8%; FEMSA said it would have been 8% without those costs.

FEMSA is also shrinking some pharmacy, fuel and European retail networks, citing business adjustments and market pressures.

In contrast, discount chain Bara added 112 stores in the third quarter and had 898 by the end of September, up 56.7% year on year.

Bara’s expansion contrasts with cuts elsewhere in FEMSA’s businesses, as it seeks to compete with Tiendas 3B.