Sears may be falling on hard times in the United States, but one of Mexico’s biggest department store chains is forging ahead with new projects.
Undeterred by market declines north of the border and a disappointing end to 2017 (revenues fell 21 percent in the third trimester of 2017), the Liverpool group is currently developing a glamorous new shopping mall on Avenida Lopez Mateos Sur, near the Santa Anita subdivision in the Tlajomulco suburbs of the Guadalajara metropolitan area.
The developers of Galerias Santa Anita say their project will be on a par with the upscale malls housing the the city’s two existing Liverpool stores: Plaza Galerias (Vallarta and Rafael Sanzio) and Plaza Andares (Patria and Acueducto).
The new mall will cater mostly to the burgeoning middle-income sector of residential neighborhoods located along the Lopez Mateos Sur corridor and cover a total area of 215,000 square meters (40,000 for commercial space). It will include more than 100 brand-name stores, a Cinepolis movie theater complex, 4,000 parking spaces and an artificial lake. The total investment is estimated at around $US110 million.
Liverpool operates 127 stores in Mexico (38 under the Fabricas de Francia name), as well as 26 commercial malls.