GO
Loading...

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

  • CNBC NEWSLETTERS

    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

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.