| ATLANTA -- (PRNewswire-FirstCall) The Home Depot, the world's largest home improvement retailer, opened its 10th store in Mexico last week, located in Tijuana, B.C. In August, the company opened its first constructed store in Mexicali. Home Depot expects to build and open two more stores in Mexico this year.
Home Depot is further strengthening its position as a major home- improvement retailer in Mexico with the construction of stores in Culiacan and San Luis Potosi with expected opening dates in November and December, respectively. Additional sites in Mexico are also under consideration for development next year.
"We have assembled an outstanding team of associates that have undergone weeks of extensive training to best serve the home improvement needs of local consumers," said Ricardo Saldivar, president of Home Depot Mexico. "Home Depot's commitment to customer service, along with offering consumers the most extensive product lines at the most affordable prices, will be a major part of our focus in Tijuana."
In June 2001, Home Depot entered Mexico through the acquisition of Total HOME. The Total HOME stores in Monterrey and Mexico City were converted to Home Depot stores in March 2002. Earlier this year, the company acquired Del Norte, a four-store home improvement chain formally based in Ciudad Juarez, Chihuahua. With these acquisitions, Home Depot became Mexico's second largest home improvement retailer in a home improvement market that is sized at more than $12.5 billion. Home Depot employs approximately 1,600 associates in Mexico and operates a division office in Monterrey directly supporting the company's stores in Mexico.
This eUpdate posting by: Steve Joyce