Costco has outlined an formidable growth plan in Mexico over the following 20 years that features the opening of recent shops in Durango, Tampico and Playa del Carmen.
The growth plan additionally consists of opening new shops in cities the place the corporate already operates, equivalent to Mexico Metropolis, Guadalajara, Monterrey, Puebla and Querétaro.
“We’re conscious that we live by very advanced occasions and that they’ll solely get extra advanced,” Finance Director of Costco Mexico Mauricio Talayero stated throughout a presentation at Retail Day Mexico 2025. “However I’ll proceed to develop this enterprise regardless of this, regardless of the authorities, regardless of the renegotiation of the [USMCA], regardless of many issues.”
Based on Talayero, Costco’s development plans reply to Mexico’s demographic projections; estimations recommend the inhabitants will enhance by a median of two.1% over the following 25 years. Its integration with the USA financial system, and the sustained enhance in Mexico’s per capita GDP, which at present exceeds US $14,000, make the funding panorama “attention-grabbing,” Talayero emphasised.
“Mexico is a rustic of strengths. If financial development continues and the inhabitants expands, the outlook is enticing for enterprise,” Talayero stated.
“We recognized 4 markets the place Costco is just not working,” Talayero stated. One of many markets Costco is contemplating is the southern state of Oaxaca. Nevertheless, Talayero stated the corporate has determined “to not open there in the mean time” resulting from recurring social conflicts.
“Ruling out Oaxaca, we have now three locations left in Mexico [with no Costo],” he stated. These areas are Durango, Tampico and Playa del Carmen.
Within the quick time period, the corporate has introduced a brand new retailer in Mexico Metropolis, positioned alongside División del Norte. Building is anticipated to start in January 2026.
The following Costco retailer may very well be close to you
In Might 2026, the corporate plans to open a fourth retailer in Monterrey (Latin America’s greatest Costco retailer) the place the retailer says they might doubtlessly construct a fifth retailer.
In the meantime, Talayero stated that Guadalajara, which at present has three Costco shops, “nonetheless has room for an additional one.”
In Puebla, Costco plans to construct a second retailer, and there are additionally plans for a brand new retailer in Querétaro, within the municipality of Corregidora. As much as six further shops may very well be constructed within the Mexico Metropolis metropolitan space.
Trying forward, areas with the potential for Costco warehouses within the subsequent 10 to twenty years embody northern Mexico (Reynosa and Matamoros in Tamaulipas), the Central-Bajío area (Irapuato in Guanajuato, and Pachuca in Hidalgo) and the Riviera Maya (Playa del Carmen).
With stories from El Economista and El Imparcial
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