Wednesday, April 2, 2025

Lowe’s closes its Mexico home improvement stores

The United States-based home improvement store Lowe’s announced that its nine-year venture into the Mexican market was coming to an end with the closure of its 13 stores.

Rumors of an impending closure first emerged in November when the firm was reported to be analyzing its options.

Yesterday, the exit was confirmed when Lowe’s México issued a statement declaring that “after several months of analyzing alternatives, [the firm] has decided to permanently shut down its operation in Mexico, effective today.”

An anonymous source told the newspaper Milenio that Lowe’s shutdown in Mexico is the result of the firm having failed to achieve adequate sales, and was unable to compete with competitor Home Depot.

Source: Milenio (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Cans of Cororna Extra beer lying on a bed of large ice cubes

Trump announces new US tariffs on Mexican… beer

5
Mexico didn't end up on Donald Trump's "liberation day" list of enemy countries, although the U.S. did impose tariffs on a surprising Mexican item: beer in cans.
A polluted Mexico City skyline with smog hampering visibility

Amid worsening air quality, Mexico City’s mayor pledges to lower emissions

0
As Mexico City enters its fourth environmental contingency alert since January, Mayor Clara Brugada and the private sector signed an accord to improve the city’s notoriously poor air quality. 
Parked bikes.

Ecobici operator fined for failing to maintain its bike fleet in the capital

0
Broken seats, loose chains, flat tires, faulty brakes and broken pedals are common complaints from users of Mexico City's popular public bicycle network.