Colombian Convenience Chain Spid โShuts down all Locations After Four Years
Bogotรก, Colombia – Spid, a โขconvenience store โchain that launched in Colombia in 2021, has โคceased operations withโ the closure of allโข its locations.The company, which aimed to compete with established โconvenience stores by repurposing formerโค Metroโ Express sites โคin Bogotรก, is refocusing its resources on its core brands.
Just four years afterโ entering the Colombianโ market, Spid’s rapid exit signals challenges for new entrants in โฃthe competitive convenience retail sector. The closure impacts employees of the โขBogotรก stores and represents a โstrategic shift for theโข parent company, indicating aโข prioritizationโ of existing, more triumphant ventures. While theโ exact number โขof affected employees is currentlyโ unavailable, the decision marks โคa complete withdrawal โคfrom the Colombian convenience store landscape. โฃ
Spid initially operated fromโค premises previously occupied by Metro โขExpress stores in the Colombian capital. Theโฃ company’s strategy centered on providingโ a convenient retail experience, but ultimately proved unsustainable. The parent โคcompany has not disclosed specific reasons for the shutdown beyond a statedโ focus on strengthening its established brands.
