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Home Depot To Invest More in Mexico During 2021; Small Distribution Centers are Considered
The Home Depot plans to invest 3.33 billion pesos in 2021, focusing on smaller distribution centers and exploring dark stores, aiming for a significant customer experience and expansion in cities with high online sales demand.
The Home Depot's expansion will be focused on strengthening the company's online sales. Photo: Home Depot
02/26/2021
The Home Depot, the home improvement retail chain, plans to invest 3.33 billion pesos in 2021. The strategy involves the opening of smaller Distribution Centers (Cedis) ranging from 8,000 to 15,000 square meters to streamline the delivery process, as well as exploring the implementation of dark stores.
This investment plan represents a 39% growth compared to the 2.395 billion pesos invested last year. With this, the company will also strengthen its strategy to have an interconnected retail presence, aiming to create a significant customer experience.
The company's expansion will primarily focus on cities with high online sales demand, such as Mexico City, Monterrey, and Guadalajara.
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
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