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Mexico’s Liverpool to Make Big Investments in 2013

Liverpool, Mexico’s largest department store, is set to make big investments in 2013.  Plans include opening 4 new stores and 3 malls, which would bring the total to 103 stores and 22 malls throughout Mexico.   The company says it plans to invest $470 Million USD (6.5 Billion MXN) on the new stores and remodeling some of its existing stores.

liverpool Mexicos Liverpool to Make Big Investments in 2013

Liverpool, Mexico’s biggest department store

The retailer had a great 2012, with shares up 36%.  Mexican retailers in general had a great year as sales were up 11.3% year over year according to Mexico’s retail association, ANTAD.  Retail sales beat expectations for the year.

 

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