Grupo Coppel to Invest MX$6 Billion in Real Estate Expansion

Grupo Coppel will allocate  MX$6 billion for a real estate expansion strategy, creating 25,000 direct and indirect jobs through the establishment of 100 new stores and the remodeling of another 100.  The plan, part of the company’s growth strategy for 2024 announced in April, involves constructing half a million square meters.

“More than 50% of our new stores will be located in communities with fewer than 300,000 inhabitants, a strategic decision to serve populations that traditionally lack access to durable goods and financial services. This underscores our commitment to inclusion,” said Domingo Soto, Corporate Director of Real Estate, Grupo Coppel, in a press release. 

Additionally, Coppel will inaugurate five new distribution centers, adding 30,000 square meters to the existing 200,000 square meters of storage established over the past two years. The company will also commence development on three additional distribution centers to enhance its logistics network, aiming to improve product delivery and customer satisfaction. These initiatives will enable Coppel to cover 99% of the country’s postal codes within five days.

The new stores will be spread across Mexico, focusing on Chiapas, Mexico City, the State of Mexico, Michoacan, Morelos, Oaxaca, Puebla, and Veracruz, impacting more than 60 cities. “We are committed to the economic development of the country and to improving the lives of the families we serve. Expanding our presence in new communities will allow us to create 25,000 jobs—5,000 direct and 20,000 indirect—and provide greater access to our products and financial services,” said David Coppel Calvo, Commercial Director, Grupo Coppel.

Upon completing these planned openings, Grupo Coppel’s network will comprise more than 1,900 points of sale, including over 1,380 bank branches in more than 600 cities, solidifying its leadership in financial inclusion and its ongoing commitment to enhancing the well-being of Mexican families.