- Home Depot will invest 3,850 million pesos in the next 5 years to open seven new stores in Mexico City, which implies more than doubling the investment it has made in the country’s capital since it opened its first unit in 2001. .
- The world’s largest home improvement store chain has inaugurated its Miyana store in Polanco, which has two levels and a showroom for displaying home improvement products, with a format similar to the store that chain has in New York.
- The Miyana store will generate 107 new direct jobs, in addition to the more than 1,200 people that the company employs in the country’s capital.
The Home Depot, the world’s largest home improvement store chain, has announced an investment of 3.85 billion pesos in Mexico to open seven new stores in Mexico City over the next five years. This investment implies more than doubling the amount that the company has invested in the country’s capital since it opened its first unit in 2001. Home Depot currently has 10 stores in CDMX and 24 throughout the metropolitan area.
Home Depot Stores
Home Depot’s expansion plan begins today with the opening of the Miyana store, located in Polanco, which has been inaugurated after an investment of 200 million pesos. The store will generate 107 new direct jobs, which is added to the more than 1,200 people that the company employs in the country’s capital.
The Plaza Miyana store is the first Home Depot to have two levels and a showroom for displaying home improvement products, with a format similar to the store that the chain has in New York, United States.
Home Depot’s goal is to reach 150 stores throughout Mexico in less than five years, offering more than 35,000 products, 80 percent of which are from Mexican suppliers. This investment is a clear sign of the confidence that the company has in the Mexican market and its commitment to the economy and employment in the country.
It should be noted that Home Depot has also announced an increase in the salary of its employees, investing a billion dollars to attract and retain talent. With these investment strategies, the company seeks to consolidate itself in the Mexican market and strengthen its presence through a well-planned expansion strategy.
