Retail giant The Home Depot has announced it will open three stores in the Bajío state of Guanajuato, including one in San Miguel de Allende.
With a US $61 million investment, new stores will also be located in León and the city of Guanajuato. According to a company statement, the San Miguel store will open in 2026, while the stores in León and Guanajuato are set to open the following year.
The Home Depot currently operates five stores in Guanajuato in the cities of León, Salamanca, Celaya and Irapuato, employing a total of 500 people. With the new locations, the company expects to create 300 direct jobs and 1,200 indirect jobs.
The investment in central Mexico is part of The Home Depot Mexico’s ambitious growth plan, which includes the opening of 25 new stores in the country over the next four years, requiring a total estimated investment of $1.3 billion.
State and municipal officials attended the store announcement, held on Tuesday in San Miguel de Allende, including Guanajuato Governor Libia García Muñoz Ledo, and San Miguel Mayor Mauricio Trejo.
“We thank The Home Depot for this investment that creates jobs and opens up opportunities,” Governor García said. “This project reaffirms [Home Depot’s] commitment to sustainability, to the communities where it operates and confirms that Guanajuato is a reliable state to invest in.”
Since its arrival in the state in 2003, The Home Depot has held 286 volunteer days, donated more than 42 million pesos in construction supplies (US $2.1 million) and improved the facilities of more than 50 schools through its social responsibility programs.
“With this new investment, The Home Depot strengthens its long-term vision in Mexico, positioning itself as a key player in the country’s positive transformation through decent employment, domestic sourcing and social commitment,” the company said in a statement.
At the end of 2024, the retail company was operating 140 branches across all 32 states of Mexico.
Mexico News Daily
Hopefully, Don Pedro will be prepared & able to go toe-to-toe with Home Depot in SMA. Do we really even need a Home Depot in SMA? Will it signal of a future wave of foreign-owned big box stores into SMA? We should be careful what we wish for!
While small family-owned stores are romantic and needed. Big box stores provide a wide variety of products and pricing with tens to lower pricing and increase competition in the areas where they are located. They often increase the standard of living and increase wage and benefit packages in 3rd world countries.
Don’t be mistaken, Mexicans like American brands.
Don Pedro for me.
Stop Americanizing San Miguel de Allende.
The gringo Karen elite know what’s best for others. And Mexico.
Disgusting. There are some here who would like SMA to resemble Queretaro, traffic lights, overpasses, racing traffic, and Big Box stores.
Choice is disgusting.
Local sellers in the town where I live in have inflated prices. If a home depot were closer we would have much better choices.
Changes like this are inevitable although I feel overall locally family owned Don Pedro has served many of my needs well. I am also fortunate to have a fantastic corner hardware store that is a 2 minute walk from where I live and their service is amazing! So will I go to a Home Depot as well? Probably because I find walking through any hardware store an incredible thrill!
With the second, large Don Pedro store going up in San Miguel, I’m surprised Home Depot is moving in.
I’ll probably continue shopping at Don Pedro because HD doesn’t need my business and I’d rather give my money to a Mexican corporation.
The HD cofounder was also a huge supporter of Trump. I personally cannot in good conscience support any business that would back such a threat to democracy, liberty, and sound economic principles.
I ditto your comments!
I hope they don’t charge for parking like in Celaya, otherwise I won’t be going. Also happy with DP.