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Sears Operadora México, S.A. de C.V. (Spanish pronunciation:) is a department store chain located in Mexico, operating 93 stores all over Mexico as of 2024. [update] [ 1 ] Sears México is operated by Grupo Sanborns , [ 2 ] a division of Grupo Carso .
Sears expanded into Latin America and Spain starting with a small store in Downtown Havana, Cuba in 1942. Sears opened its first store in Mexico City in 1947; the Mexican stores would later spin off into Sears Mexico, now owned by billionaire Carlos Slim's Grupo Sanborns, which by the end of 2022 operated 97 stores across Mexico.
Shopping centers in Mexico are classified into six different types: [1] Super-regional shopping center with 90,000+ sqm GLA. These typically have 3 or more full-line department store anchors (e.g. Liverpool , El Palacio de Hierro , Sears ) and feature merchandise in the luxury, premium and AAA categories.
As Sears US struggles to keep its head above water, Sears Mexico has as much of a solid footing in the country's retail market as any of its competitors.
Grupo Sanborns is a retailing arm of the Carlos Slim-run Grupo Carso that includes the namesake Sanborns restaurant and junior department store chain, Mixup music stores, iShop Apple/electronics stores, Sears department stores in Mexico, and until October 2023, Mexico's sole Saks Fifth Avenue store.
El Puerto de Liverpool (officially S.A.B. de Liverpool, S.A.B. de C.V.) is a Mexican company that consists of commercial, financial, and real estate operations.. The commercial area operates two chains of department stores: Liverpool and Suburbia, freestanding retail stores of multiple fashion brands, and the Arco Norte logistics center, under construction.
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