What: El Puerto de Liverpool achieves 9.2% revenue growth to EUR 10.06 billion in 2024, while securing a 49.9% stake in Nordstrom as part of a privatisation deal.

Why it is important: This performance demonstrates the growing strength of Latin American retail groups in global markets, as they leverage domestic success to pursue international expansion opportunities.

El Puerto de Liverpool, one of Latin America's largest department store groups, has demonstrated remarkable growth in 2024, with total revenues reaching 214,848 million Mexican pesos (EUR 10.06 billion), marking a 9.2% increase from the previous year. The company's profitability showed even stronger improvement, with an 18.8% rise in net profits to 23,154 million pesos (EUR 1.084 billion). The group's operational efficiency is reflected in its improved EBITDA margin of 17.9%, up four-tenths from the previous year. Both retail formats performed well, with Liverpool stores achieving 8.8% growth to reach 167.17 billion pesos, while Suburbia stores posted a 9.3% increase to 23.553 billion pesos. A significant development has been the group's strategic acquisition of a 49.9% stake in Nordstrom, priced at USD 24.25 per share, marking a major step in the company's international expansion. The deal, pending regulatory approvals in the United States and shareholder consent, represents a transformative move in the global retail landscape.

IADS Notes: The strong performance of El Puerto de Liverpool aligns with broader positive trends in Latin American retail. In December 2024, the company's strategic partnership with Nordstrom, involving a USD 24.25 per share privatisation deal, demonstrated the growing influence of Latin American retailers in global markets. This expansion comes amid robust regional performance, as evidenced by February 2024 data showing similar success patterns among Mexican retailers, with El Palacio de Hierro reporting 11% revenue growth and 23% profit increase, indicating strong market fundamentals supporting international ambitions.

El Puerto de Liverpool achieves 9.2% revenue growth