Home Depot Raises Mexico Bet With MX$4.8 Billion Plan

Home Depot will invest MX$4.8 billion in Mexico in 2026, its largest annual commitment in a decade, to open new stores, deploy AI, strengthen logistics, and deepen local sourcing as it marks 25 years in the country. 

Home Depot is deepening its bet on Mexico, planning to invest MX$4.788 billion (US$267.16 million) in 2026. The company says it is its largest annual commitment in the past decade and 25% above the previous year. 

The announcement comes as the retailer marks 25 years in the Mexican market, where it has expanded from its initial footprint to a nationwide operation with 142 stores, more than 18,000 employees, and over MX$52 billion (US$2.90 billion) in cumulative investment since entering the country in 2001. 

The 2026 plan centers on expansion and operational upgrades. Home Depot says it will open three new stores this year, lifting its total to 145 locations, while also investing in technology to modernize internal processes and improve the customer experience. According to the company, a new artificial intelligence-based system will analyze variables such as weather, product relationships, and consumption trends to reduce forecasting errors and optimize safety inventory.

The investment also reinforces a broader multiyear growth strategy already outlined by the company and highlighted by federal officials earlier. In February 2025, Home Depot announced a plan to invest more than US$1.3 billion in Mexico between 2025 and 2030, with the goal of expanding from 140 to 165 stores over five years, strengthening e-commerce, adding logistics hubs, and increasing local sourcing. At that time, company executives said they aimed to reach 100% national sourcing by 2028, up from 85% of products sourced from Mexican suppliers, reports MBN.

The latest 2026 announcement suggests Home Depot is translating that long-term roadmap into annual capital deployment. Beyond new stores, the company is positioning technology and supply chain efficiency as core levers for growth. It has tied AI deployment to better inventory management and more accurate demand planning, while previous statements from management linked the expansion strategy to stronger logistics infrastructure, omnichannel capabilities, and wider access to Mexican-made products across its North American network.

Home Depot is also framing the investment in social terms. The company says part of the 2026 plan will support the construction and improvement of more than 300 homes in vulnerable communities, as well as the rehabilitation of 100 soccer fields. Those initiatives align with the retailer’s longstanding effort to present its expansion in Mexico not only as a commercial push, but also as a contribution to local development and community well-being.

The announcement also fits into the broader narrative around Plan México, the federal government’s industrial development strategy. During the 2025 presentation of Home Depot’s multiyear investment plan, President Claudia Sheinbaum said the retailer’s expansion supported the administration’s push to raise regional investment, create well-paid jobs, and deepen domestic supply chains.