• EXPANSION: Residential improvement retailer Home Depot is expecting to invest USD 105 million in its operations in Mexico, which will allow the Atlanta-based giant to reach 128 stores across the country along with important enhancements to its supply chain and online services.
• E-COMMERCE: Investments in online services are key, given that in 2019 the company’s website reached 100 million visitors, according to Home Depot. Growing at a 35% annual pace, the Mexican online market is the fastest growing in the world across all sectors.
• OPPORTUNITY: “We see great opportunity in the Mexican market, it is a market where we believe that there is still a need for remodeling and residential construction”, said José Rodríguez Garza, president of Home Depot Mexico.
• UNION: Inspired by the labor terms in the new trade agreement with the US and Canada (USMCA), a union representing 38% of Home Depot’s 16,000 Mexican workers temporarily suspended a planned strike, after agreeing to engage in talks to boost pay by 20% and improve worker’s benefits.
