• ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
NewsTrucking

Home Depot investing in stores, logistics facilities in Mexico

Company plans to open four new stores and two logistics centers, invest $122.8 million in 2020

The Home Depot’s (NYSE: HD) Mexican unit will invest $122.8 million in the country over the next year and open four new stores, as well as two new logistics nodes, the company said in a recent release.

As part of the plan, the Atlanta-based home improvement retailer will also expand the two current distribution centers it has in Mexico to improve supply chains for e-commerce initiatives.

“All of the 2020 initiatives will be focused on strengthening our leadership as a leading home improvement brand, providing the best experience for our customers, and maintaining the productivity and efficiency of the company,” Home Depot said in release according to news outlet Notimex. “Projects will be implemented that will increasingly link physical stores with e-commerce, as well as improve communication with and service to customers anytime, anywhere in a more agile and timely manner.”

Home Depot currently has 125 stores, two distribution centers and 16,000 employees across Mexico. Most of the company’s stores are in central and northern Mexico.

Company officials did not specify where the four new stores and two logistics centers will be located. Home Depot’s two distribution centers are in the cities of Monterrey in northern Mexico and Atitalaquía in central-eastern Mexico.

Company officials also said the investment in Mexico is aimed at strengthening its strategy toward construction professionals, both in stores and online.

“To strengthen customer service within 125 stores nationwide, the company will carry out projects focused on improving the shopping experience on the sales floor and in the checkout line, as well as increasing the productivity of associates through mobility tools,” the company said in a release.

Noi Mahoney

Noi Mahoney is a Texas-based journalist who covers Mexico cross-border trucking, logistics and trade for FreightWaves. He graduated from the University of Texas at Austin with a degree in English in 1999. Mahoney has more than 20 years experience as journalist, working for newspapers in Florida, Maryland and Texas. Contact nmahoney@freightwaves.com

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.