Oxxo (stylized as OXXO) is a Mexican chain of convenience stores, with over 19,800 stores across Latin America.[1] It is the largest chain of convenience stores in Latin America.[2] Its headquarters are in Monterrey, Nuevo León.[3]

OXXO
TypeSubsidiary
IndustryConvenience stores
Founded1977; 44 years ago (1977)
HeadquartersMonterrey, Nuevo León, Mexico
Number of locations
19,834
Area served
Mexico
Brazil
Colombia
Chile
Peru
United States
Number of employees
129,000+
ParentFEMSA
Websitewww.oxxo.com

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

OXXO was founded in Monterrey in 1977. 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 a 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 in the cities where it was established. In 1998, the 1000th store was opened. On July 6, 2011, the opening of the 9000th store, in Oaxaca, was announced.[4] With Mexico liberalizing its oil and gas market, OXXO has started to open gas stations as well. The first 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]

As of 2016, Oxxo was reported to have more than 13,000 stores across Mexico.[7] In the same year, a partnership between Oxxo and Amazon was announced, involving Amazon accepting Oxxo's prepaid debit cards as a payment method, and Amazon gift cards being sold at Oxxo stores.[7]

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ReferencesEdit

  1. ^ "Quarterly Results: 2021 Second Quarter". FEMSA. Retrieved 2021-06-14.
  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. ^ [1]
  5. ^ Bloomburg: Femsa Opens Oxxo-Branded Gas Station, Taking on Pemex
  6. ^ The Yucatan Times: FEMSA to Expand its Gasoline Business Through OXXO GAS
  7. ^ a b Harrup, Anthony (2016-01-02). "Mexican E-Commerce Grows, but Requires Some Coaxing". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-06-11.

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