Soriana

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Organización Soriana, S.A.B. de C.V.
Type Public (BMV: SORIANAB)
Industry Retail
Founded (1968)
Headquarters Monterrey, Mexico
Key people Francisco Javier Martín, (Chairman)
Ricardo Martin Bringas, (CEO)
Products Consumer goods
Revenue US$ 7.0 Billion (2009)
Net income US$ 214.1 Million (2009)
Employees 93,700
Website www.soriana.com

Organización Soriana (BMV: SORIANAB) Mexico's second largest retailer. Soriana is a grocery and department store retail chain corporation headquartered in Monterrey, Nuevo León, Mexico. The company is 100% capitalized in Mexico and is publicly traded on the Mexican stock exchange the Bolsa Mexicana de Valores, since 1987 under the symbol: "Soriana".

Contents

[edit] Overview

Founded in 1968 by Mexican entrepreneurs and brothers, Francisco and Armando Martín Borque, in Torreón, Coahuila. The company currently operates under the brands Clubes City Club, Hipermart, Mercado Soriana, Soriana and Super City (store). Super City is the company's convenience store division brand. It operates supermarkets and department stores for consumer and wholesale markets.

Soriana competes primarily with H-E-B, Comercial Mexicana, Chedraui, S-Mart and Walmex. Soriana emphasizes the fact that they are Mexican-owned and operated. It is not uncommon to see advertising circulars from competitors Wal-Mart, Bodega Aurrerá, Superama, Chedraui, and/or H-E-B posted around the store with certain items highlighted, pointing out the fact that these items are cheaper at Soriana, a common practice in retail stores environments.

As of December 6, 2007 Organizacion Soriana acquires Supermercados Gigante for US$1.35 billion. In 2008, Soriana replaced the existing Gigante stores including its seven stores in U.S. (U.S. stores were sold in May to Chedraui)

As of December 14, 2009 it had more than 471 stores in 138 cities in Mexico. It also had six distribution centers. In 2006, for reporting and administrative purposes, Soriana moved its headquarters from Torreón to Monterrey.

[edit] Promotions in Soriana

Soriana promotes its "Tarjeta del Aprecio" (Appreciation Card), if you purchase items you earn points for free merchandise, and in store credits for 20% off in general merchandise.

[edit]

Soriana is currently the shirt sponsor for the Primera División de México (Mexican First League Division). The team it sponsors is soccer club Santos Laguna.

[edit] Slogans and tradenames

Soriana Slogan

[edit] Evolution

Old-style Soriana store in Monterrey, Mexico

Store openings by state:

[edit] Gallery Photo

[edit] References

[edit] External links

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