Waldo’s Expansion Plan in Mexico State
Waldo’s, a prominent retail chain in Mexico, has confirmed an investment of 310 million pesos for the Mexico State region in 2025. This investment is part of an aggressive expansion strategy that includes opening at least 10 new stores and solidifying the state as its primary operational hub nationwide.
Background on Waldo’s in Mexico State
Juan Manuel Altamirano, Vice President of Real Estate Development at Waldo’s Dollar Mart de México, shared that the company has been expanding in the Mexico State for 24 years. The state has proven to be a pioneering and crucial location for Waldo’s, with 55 existing stores, seven of which opened in 2025 and three more planned.
Job Creation and Government Collaboration
Altamirano emphasized Waldo’s commitment to opening at least ten new stores annually in the Mexico State, making it their top location for employment. Currently, Waldo’s has created 1,500 jobs in the state and maintains a strong partnership with local government. This collaboration has enabled the opening of 20 stores over the past three years, with more planned.
National Expansion Plan
This investment in the Mexico State is part of a broader national strategy. Waldo’s plans to invest 870 million pesos this year and aims to reach 1,000 stores by the following year.
Mexico State’s Retail Leadership
Laura Gonzalez, Secretary of Economic Development (Sedeco) for the Mexico State, highlighted that the state leads in retail stores with 5,313 establishments, accounting for 9.6% of the nation’s total. The highest concentration of these stores is found in Ecatepec, Toluca, Tlalnepantla, Naucalpan, and Tecamac.
Gonzalez encourages more businesses and large chains to increase their presence in the Mexico State, citing its robust consumer base and economic dynamism. Despite challenges like the pandemic, the state’s commercial, service, logistical, and industrial growth remains steady.
Key Questions and Answers
- What is Waldo’s investment in the Mexico State for 2025? Waldo’s has confirmed an investment of 310 million pesos in the Mexico State.
- Why is the Mexico State significant for Waldo’s? The Mexico State has been a crucial location for Waldo’s for 24 years, with 55 existing stores and plans to open more.
- How many jobs will Waldo’s create in the Mexico State? Waldo’s has already created 1,500 jobs in the Mexico State and aims to open at least ten new stores annually.
- What is the retail leadership position of the Mexico State? The Mexico State leads in retail stores, with 5,313 establishments representing 9.6% of the nation’s total.
- Why is the Mexico State attractive for businesses? The state boasts a robust consumer base and economic dynamism, making it an appealing location for businesses despite challenges like the pandemic.
