El Puerto de Liverpool, S.A.B. de C.V. Announces Earnings Results for the Second Quarter of 2020
July 16, 2020
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El Puerto de Liverpool, S.A.B. de C.V. announced earnings results for the second quarter of 2020. For the quarter, the company reported e-commerce sales growth close to 400% versus last year and over 300% of company's plan. The digital sales during this pandemic time conducted more than 80% of the company sales.
El Puerto de Liverpool SAB de CV is a Mexico-based company primarily engaged in the retail sector. The Companyâs activities are structured into two business segments: Commercial and Real Estate. The Commercial division focuses on the retail sales of merchandise in department and duty free stores. Its brand names of store formats includes Liverpool and Fabricas de Francia. The Real Estate division is responsible for the management, operation and lease of commercial space in shopping centers. Through a non-bank credit card, the Company also offers consumer loans and sales financing services. The Company has operations established in various Mexican states. The Company's subsidiaries include Operadora Liverpool SA de CV, Servicios Liverpool SA de CV and Bodegas Liverpool SA de CV, among others.