Mexico Retail Sales Expected to Miss 2014 Forecast

Mexico's retail association ANTAD will miss its 2014 sales target as the economy sputters, the president of the group said on Tuesday.

The group, which includes department stores and major chains such as Wal-Mart de Mexico and Soriana , posted a combined same-store sales increase of 0.6 percent through October, compared with a target of 1.7 percent for the year, group President Vicente Yanez said.

"We're not going to meet the target that we established at the beginning of the year...we're far from that," Yanez said during an interview on Radio Formula.

Last . . .