Mexico: Neto stores will open 42 new stores in Yucatan by 2027
Discount Retail Chain Neto , Tiendas Neto plans to add 42 new points of sale in the state and complete an investment of 1,000 million pesos by 2027, after inaugurating its new Distribution Center (Cedis) in Kanasín, Yucatán
This was stated by Alberto Velasco Flores, national manager of Management and Compliance of the discount store chain, after recalling that it currently has 62 stores located in 25 municipalities of the entity.
"The projection is to open 42 additional storess," by next year, Alberto Velasco said on his social networks.
If this goal is met, Tiendas Neto will operate 104 units and strengthen its presence in the southeastern Mexican state, supported by its new distribution center.
The Cedis was inaugurated on October 1 and included an investment of more than 670 million pesos, above the initially planned figure of 375 million pesos.
The entry into operation of its new distribution center will allow Tiendas Neto to strengthen its logistics operation in Yucatan and support its plans to open new stores.
According to information released by the national manager of Management and Compliance, the construction of the Cedis began to be managed a little over a year ago.
Since its development, it has generated a positive economic impact in the region, since the project has contributed to the creation of more than 1,193 direct and indirect jobs.
Another benefit highlighted by the national manager of Store Management and Compliance Neto is the participation of local suppliers and companies.
More than 100 companies and investors in the entity have participated in activities related to supply chain, product development and infrastructure construction.
Tiendas Neto operates more than 2,073 stores in Mexico, which are located in 23 states of the country, such as Aguascalientes, Campeche, Chiapas, Mexico City, State of Mexico, Guanajuato, Guerrero, as well as Jalisco, Michoacán, Yucatán and Zacatecas, among others.
The chain that emerged in 2009 currently has more than 14,700 employees.
Alberto Velasco stressed that the construction of the Cedis was possible thanks to the coordination between the private and public sectors, different government agencies, including the Government of Yucatan, the local Ministry of Economy and Labor (SETY) and the City of Kanasín.
Read more: Ignacio Gómez Escobar: Tiendas Neto abrirá 42 nuevas tiendas en Yucatán hacia 2027 - EL ECONOMISTA
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