Retail chain Coppel to invest US $830M, open 80 new stores

Grupo Coppel plans to put implicit 14.3 cardinal pesos (US $830 million) this year, the company’s CEO, Diego Coppel Sullivan, announced connected Monday.

The Mexican retail steadfast volition usage the funds to grow its commercialized infrastructure, fortify its technological capabilities and summation the stock of renewable vigor usage successful its operations.

“This concern reflects our committedness to the state and allows america to proceed moving toward our extremity of consolidating a much agile omnichannel level and fulfilling our intent of improving the lives of millions of Mexican families,” said Sullivan.

The backing forms portion of an 80-billion-peso ($4.6 billion) 2026-2030 translation plan, announced successful June 2025.

The concern volition beryllium divided arsenic follows:

•   43% for commercialized infrastructure (6.2 cardinal pesos / $360 million)
•   31% for technological translation (4.5 cardinal pesos / $260 million)
•   26% for vigor modulation (3.6 cardinal pesos / $210 million)

The financing is expected to enactment the instauration of 2,500 nonstop jobs successful 2026, adding to Grupo Coppel’s existing workforce of implicit 130,000 and consolidating the company’s presumption arsenic 1 of the apical 10 employers successful Mexico.

The steadfast volition remodel astir 100 branches and organisation centers, arsenic good arsenic unfastened much than 80 caller stores, to scope 2,000 stores crossed Mexico by the extremity of the year.

Coppel, which sells clothing, electronics and location goods, has pursued a large enlargement strategy since 2020. (Coppel)

Certain stores volition beryllium tailored to absorption connected circumstantial merchandise lines, with the opening of motorcycle dealerships and fashion-focused stores, to fortify and diversify the merchandise and work offerings.

Coppel’s modernization plans

Investment successful technological translation volition assistance Coppel to amended its integer level and incorporated artificial quality solutions successful logistics and proviso concatenation absorption to amended lawsuit experience. 

The steadfast expects integer income to lend 20% of its full income by the extremity of the decade.

The enlargement of Coppel’s integer capabilities volition besides heighten its fiscal work offerings for the much than 12 cardinal customers of its banking institution, BanCoppel.

In enactment of a greenish transition, Coppel aims to summation the publication of renewable vigor to the moving of its operations to 30% by 2030, done investments successful star panels crossed 900 buildings. It besides aims to deploy a fleet of implicit 1,100 hybrid and electrical vehicles by this time.

With reports from Milenio and El Economista