Enter multiple symbols separated by commas

Lowe's to Open Several Stores in Mexico in 2009

Home improvement retailer Lowe's said Wednesday it will open three to five stores in Monterrey, Mexico in 2009, representing an investment of $18 million to $20 million per store.

Lowe's said the stores will create up to 800 jobs in the area. The company has established an office in Monterrey, led by Francisco Fernandez, vice president of Lowe's - Mexico. Fernandez will be responsible for managing Lowe's entry into Mexico as well as ongoing operations in the country.

Fernandez joined Lowe's in 2002, having spent seven years with Total Home (Alfa Group) in Monterrey.

Lowe's currently operates about 1,350 retail stores in the United States and is on track with plans to open six to 10 stores in the greater Toronto area beginning in the fall of this year.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Lottery ticket

    A thief who broke into the car of a Seattle couple left behind a million-dollar lottery ticket, NBC News reports.

  • The Lamborghini SpA Urus SUV.

    There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.

  • Mike Trout #27 of the Los Angeles Angels takes a picture with fans before a game with Boston Red Sox at Fenway Park on May 23, 2015 in Boston, Massachusetts.

    MLB is using digital media initiatives like Snapchat and Web video to connect with younger viewers. Is it enough?

U.S. Video