Grupo Éxito to Close Unprofitable Stores, Open Up to Seven New Ones by 2027

Grupo Éxito announced a restructuring plan to close unprofitable stores and open up to seven new ones by 2027, while converting around 30 stores to its Éxito and Carulla formats. The company is also exiting wholesale operations that generated zero or negative value. This signals a strategic shift to improve profitability, but the market impact is limited to the company's stock.

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