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Lowe’s Opens Mexican Stores

Home improvement retailer Lowe’s Companies, Inc. is scheduled to open its first two Mexican stores in Monterrey, Mexico today. Lowe’s initially planned to expand store operations into Mexico during 2009.

Lowe´s Mexico has invested approximately $18 million to $20 million USD in each store. Approximately 430 employees have been hired to operate the two stores and the company’s offices in...
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Target May Grow in Americas

Discount retailer Target Corporation is considering expanding its operations beyond the U.S. into other regions of the Americas. According to the CBC, Target may expand operations into Canada, and/or Mexico and Latin America, within the next three to five years.

Despite reporting a 1.8% same-store sales increase in December 2009, Target was mired in a same-store sales slump for most of calendar...
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