Tuesday, July 25, 2023

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $CLSK) (NasdaqCM: $MIGI) (TSX: $WNDR.TO)

 



 

 

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $CLSK) (NasdaqCM: $MIGI) (TSX: $WNDR.TO)

 

CleanSpark Hits All-Time High Hashrate, Mawson Invites Indications of Interest for BTC Hosting, and WonderFi Announces Coinberry Client Account Acquisition

 

Vancouver, Kelowna, Delta, BC, July 25, 2023 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2023/072523-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/07251CLSK-MIGI-WNDR.asp

 

Get the Crypto Corner Podcast on iTunes

 

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Stocks discussed: (NasdaqCM:CLSK) (NasdaqCM:MIGI) (TSX:WNDR)

 

CleanSpark, Inc. (NasdaqCM:CLSK) has announced that it has reached an all-time hashrate high of 8.5 exahash per second (EH/s) as its Washington and Dalton, Georgia, campuses continue to come fully online. Zach Bradford, the company’s CEO, explained:

 

"We have nearly tripled our hashrate in just a year. Last year at this time our operational hashrate was 2.9 EH/s and today it comes in at over 8.5 EH/s. Our owned-and-operated approach to mining has been essential to making this growth possible. What's more, as we've grown our hashrate we've also made meaningful improvements to our efficiency, which means we are capable of mining more bitcoin with less energy. As of today, our current fleetwide efficiency sits at 29.2 J/TH."

 

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced that it is “inviting outside parties to provide Indications of Interest (IOI) for its hosting and digital infrastructure services, including Bitcoin (BTC) miner hosting, High Performance Computing (HPC) co-location, “and other potential partnerships utilizing its digital infrastructure and hosting locations.” Rahul Mewawalla, CEO and President of Mawson, explained:

 

“Given recent developments in Bitcoin mining and HPC co-location driven by the upcoming halving for bitcoin and the growing applications for AI and other HPC related hosting capabilities, there is growing demand for reliable, scalable, and well operated hosting and co-location sites such as those run by Mawson. We are therefore looking forward to running a streamlined process in the open market to engage with potential hosting customers to deliver mutual benefits for our hosting customers and our hosting business, as well as deliver the best value to our stakeholders.”

 

WonderFi Technologies Inc. (TSX:WNDR) recently announced that Bitbuy Technologies Inc., its subsidiary, has received a non-objection letter from the Ontario Securities Commission to purchase all of the client accounts of Coinberry Limited. According to the press release, this move constitutes part of WonderFi's plan “to streamline operations and enhance the trading experience for its users following the initial acquisition of Coinberry.” WonderFi President and CEO Dean Skurka said:

 

"We are excited to migrate Coinberry's users to the Bitbuy platform. This consolidation will allow us to offer an enhanced trading experience to a larger user base. We are confident that the integration will bring additional value to our customers."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is a platform for investing ideas. We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#Mexico’s #HomeImprovement #Market- #Stocks to watch (OTC: $PDRO) (NYSE: $HD) (NYSE: $SPB) (WALMEX: MX) (NYSE: $WMT) @PedrosListMX @HomeDepot @Spectrum_Brands @WalmartMXyCAM @Walmart

#Mexico’s #HomeImprovement #Market- #Stocks to watch (OTC: $PDRO) (NYSE: $HD) (NYSE: $SPB) (WALMEX: MX) (NYSE: $WMT) @PedrosListMX @HomeDepot @Spectrum_Brands @WalmartMXyCAM @Walmart

 

Vancouver, Kelowna, Delta, BC – July 25, 2023  - Investorideas.com, a leading investor news resource covering tech and homebuilder stocks releases a special news report on the growing  market opportunity for the home repair business in Mexico, featuring Pedro's List (OTC PINK:PDRO), a company that provides technology tools and resources to allow homeowners to find local, pre-screened, customer reviewed service professionals and instantly book appointments online or through the mobile application.

 

Read this article, featuring PDRO in full at https://www.investorideas.com/news/2023/homebuilder/07251Mexico-Home-Improvement-Market.asp

 

According to Statista.com, “The market value of the home improvement market in Mexico reached 12.13 billion U.S. dollars in 2019. It was forecast that by the year 2024, this value would increase t0 13.57 billion U.S. dollars.”

 

Based in Mexico and knowing first-hand the opportunity, Pedro's List Inc. (OTC PINK: PDRO)

recently announced that it has launched its new corporate website at www.pedroslistinc.com. The new corporate website is intended to comply with all applicable disclosure standards, including investor access to the Company's filings with the Securities & Exchange Commission ("SEC"), stock price information and social media pages. The Company's provider and homeowner website remains unchanged at www.pedroslist.mx.

 

From the news: In addition, the Company's website has access to archived press releases and other relevant information, including a recent story in USA Today about the Company. Commenting on the new website, Pedro's founder & director Eden Miller stated: "Pedro's List is a transformative company that will soon positively impact the lives of millions of people every day. Our new website represents a small but significant step in introducing ourselves and our exciting company to our shareholders and the wider investor community. It also provides our valuable constituents with a window into current information about Pedro's List and keeps them informed about new developments and where we are headed. Over time, we intend to add additional features to our site to make it an even better resource for the public."

 

The Company announced the engagement of Think Ink Marketing Data & Email Services, Inc. ("Think Ink") to provide public relations services in an effort to increase public awareness of the Company. Think Ink is a California-based marketing firm established in 1991 that provides its customers with a complete range of marketing services that span both digital and direct mail venues. With its digital services ranging from data appending, email marketing and pay-per-click online banner and native ads, the company helps its clients reach a large network of potential investors. The Company has paid a fee of approximately $125,000 for the services of Think Ink, and additional funds may be paid as necessary. The Company will not issue any securities to Think Ink as compensation for its marketing services. As of the date hereof, to the Company's knowledge, Think Ink (including its directors and officers) does not own any securities of the Company and has an arm's length relationship with the Company.

 

Think Ink has and shall continue to, as appropriate, create campaigns, ad groups, text ads, display ads, perform detailed keyword research, setup and manage remarketing campaigns, optimize keyword options, coordinate online advertiser and marketers corresponding to online marketing targets, create landing pages for ad campaigns and generally bring attention to the business of the Company. The promotional activity undertaken by Think Ink will occur on www.markettactic.com, and at times by email and other social media.

 

"Taken together, the goal of the new corporate website and the retention of Think Ink is aimed at producing internal branding, web and marketing material as well as assisting with the coordination of advertising campaigns," believes Miller. "The Company looks forward to developing its brand image to be more in line with its current vision, first in Mexico and then in other non-USA based markets," concluded Miller.

 

According to ResearchandMarkets.com, looking at the global opportunity,  “High internet penetration in developing countries and rapid adoption of online sales channels by the market players are expanding the consumers base and brand's visibility to every corner of the world. Also, the availability of D-I-Y (Do it Yourself) products in the market to allow consumers to personalize the home improvement and remodeling based on their requirements is expected to bolster the Global Home Improvement Market growth in the next five years.”

 

Home Depot (NYSE:HD), reporting on its growth in Mexico said in December 2022 “Four new stores have joined The Home Depot Mexico family recently, bringing the store count in Mexico to 133. These new stores are: Gonzalitos in Monterrey, Nuevo León; Gómez Palacio in Gómez Palacio, Durango; Lázaro Cárdenas in Guadalajara, Jalisco; and Concordia in Apodaca, Nuevo León. Local officials joined our leadership teams for board cutting ceremonies to celebrate the grand openings.”

 

From the news: These new stores represent an investment and commitment to the communities where they are located. For instance, to celebrate the opening of the Gonzalitos store, the company donated products to Back2Back México, a non-profit organization dedicated to serving the needs of orphaned and vulnerable children and their families.

 

"I am very excited to open four stores in Mexico in 2022 and close the year with 133. I want to thank all our associates for the extraordinary work they have done in these challenging years. We are going for more. We want to be even closer to our customers and therefore we will accelerate our expansion plan and reach 150 stores in less than 5 years. I am convinced that The Home Depot's best years in Mexico are yet to come," says Jose "Pepe" Rodriguez, President of Home Depot Mexico

 

According to ecommeceguide.com “Home Depot Mexico exists in both brick and mortar stores across the country as well as through its only platform where customers can buy home supplies for bathrooms, decor, electrical, hardware, tools, lighting, yard, and more.”

 

Looking at the Top 10 Mexican Ecommerce Sites, obviously Walmart, who provides some home improvement products made the list. Looking at the overall growth plan for Mexico, including bricks and mortar, RetailTouchPoints.com reports, “Walmex (WALMEX.MX), Walmart’s  Mexico and Central America business, is planning to spend nearly $1.5 billion in the region in 2023. The investment, which is up 27% from the amount spent in 2022, will primarily be used to remodel and maintain existing stores while opening new locations, along with improvements to supply chain and technology.”

 

Looking at the dollar value of the home improvement market in Mexico, Spectrum Brands Holdings, Inc. (NYSE: SPB), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, announced in early June  that it received clearance from the Mexican competition authority to sell the Company’s Hardware and Home Improvement segment (“HHI”) to ASSA ABLOY for $4.3 billion in cash, subject to customary adjustments.

 

The approval from the Mexican competition authority was the last regulatory approval required to complete this transaction.

 

On June 20th, Spectrum announced the closing of the sale of the Company’s Hardware and Home Improvement business (“HHI”) to ASSA ABLOY.

 

Although several players are in the home improvement market in Mexico both online and in retail stores, there has not been a company solely targeting that market. A recent article featuring Pedro’s List notes,” Pedro’s List isn’t just the first home improvement and repair platform to launch in Mexico. Currently, there is no other company or competitor on the horizon. This creates a straightforward expectation that Pedro’s List will dominate Mexico’s $12.3 billion home improvement market over the coming years.” 

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is a platform for investing ideas. We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring PDRO is a paid for news release on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Get more homebuilder stocks investor ideas- news, articles, podcasts and stock directories

 

 

 

Monday, July 24, 2023

#ExploringMining #Podcast - News from #Mining #Stocks (NYSE: $RIO) (TSXV: $HMR.V) (TSXV: $RRI.V) (CSE: $HUNT.C)



 

#ExploringMining #Podcast - News from #Mining #Stocks (NYSE: $RIO) (TSXV: $HMR.V) (TSXV: $RRI.V) (CSE: $HUNT.C)     

 

Vancouver, Kelowna, Delta, BC, July 24, 2023 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2023/072423-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2023/exploring-mining/07241RIO-HMR-RRI-HUNT.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

Rio Tinto Group (NYSE:RIO) has entered into an agreement with Giampaolo Group, described as one of North America's largest fully-integrated metal management businesses, to form a joint venture to manufacture and market recycled aluminium products. This, according to the press release, will enable Rio Tinto “to provide a broader range of high-quality and low-carbon, primary, recycled, and blended aluminium products.” Rio Tinto CEO Jakob Stausholm said:

 

"Investing in recycling is part of our drive to find better ways to deliver the low-carbon materials the world needs and provides a natural extension of our industry leading primary aluminium business. We look forward to providing customers with aluminium solutions that meet their needs for low-carbon primary and recycled materials in partnership with Giampaolo Group a leader in providing recycled material in North America."

 

Homerun Resources Inc. (TSXV:HMR) has received a signed Material Supply Agreement regarding the supply of high purity silica sand sourced from a district-scale, fully permitted project in Bahia, Brazil. The company’s Director and CEO, Brian Leeners, said:

 

"I am excited to present this Supply Agreement, which is a pivotal element driving our accelerated path towards generating revenue. Our silica business strategy comprises three fundamental phases: (1) procurement, (2) efficient logistics and processing, and (3) revenues. We have been simultaneously developing all three phases, and we encourage you to stay engaged as we tirelessly strive to create exceptional value by achieving significant business milestones to the benefit of our valued shareholders."

 

Riverside Resources Inc. (TSXV:RRI) has acquired part of P.A.T. Gold Mine inside of the larger Pichette Project west of Geraldton, Ontario. The project was previously drilled extensively in the 1950s, and now boasts more than 1 Oz/ton Au in historical core intercepts for 1m+ intervals at 30m depth. The company’s President and CEO, John-Mark Staude, explained:

 

"Riverside is very excited to have acquired this new area of gold mineralization, which is on trend with the previously identified Banded Iron Formation (BIF) gold mineralization at Pichette and appears to have continuity to the west with Leitch Gold Mine BIF host rock sequence . The BIF unit extends across the project outlining a multi-kilometer target in this district of significant past gold production. The historical work comprising geophysics and drilling gives us a solid focus for advanced drilling in this part of the Geraldton Gold Belt.”

 

Gold Hunter Resources Inc. (CSE:HUNT) has announced the closing acquisition of five mineral license packages adjacent to its Rambler Project in Newfoundland, Canada, extending its land position by 239 percent to a total of 17,227.97 hectares. The company has also announced its Corporate Membership with the Mining Industry NL association, strengthening its position in Newfoundland and Labrador and allowing it “to leverage the association's wide-ranging advocacy, outreach, and connections within the mining sector.”

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

 

Research mining stocks at Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp 

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is a platform for investing ideas. We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

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The #HomeImprovement #MarketOpportunity in #Mexico – (OTC: $PDRO) (NYSE: $HD) (NYSE: $SPB) ( $WALMEX.MX) (NYSE: $WMT) @PedrosListMX @HomeDepot @Spectrum_Brands @WalmartMXyCAM @Walmart

The #HomeImprovement #MarketOpportunity in #Mexico – (OTC: $PDRO) (NYSE: $HD) (NYSE: $SPB) ( $WALMEX.MX) (NYSE: $WMT) @PedrosListMX @HomeDepot @Spectrum_Brands @WalmartMXyCAM @Walmart

 

Who is going for the Gold?

 


Vancouver, Kelowna, Delta, BC – July 24, 2023  - Investorideas.com, a leading investor news resource covering tech and homebuilder stocks releases a special news report on the growing  market opportunity for the home repair business in Mexico, featuring Pedro's List (OTC PINK:PDRO), a company that provides technology tools and resources to allow homeowners to find local, pre-screened, customer reviewed service professionals and instantly book appointments online or through the mobile application.

 

Read this article, featuring PDRO in full at https://www.investorideas.com/news/2023/homebuilder/07241Home-Improvement-Market-Mexico.asp

 

According to Statista.com, “The market value of the home improvement market in Mexico reached 12.13 billion U.S. dollars in 2019. It was forecast that by the year 2024, this value would increase t0 13.57 billion U.S. dollars.”

 

Based in Mexico and knowing first-hand the opportunity, Pedro's List Inc. (OTC PINK: PDRO)

recently announced that it has launched its new corporate website at www.pedroslistinc.com. The new corporate website is intended to comply with all applicable disclosure standards, including investor access to the Company's filings with the Securities & Exchange Commission ("SEC"), stock price information and social media pages. The Company's provider and homeowner website remains unchanged at www.pedroslist.mx.

 

From the news: In addition, the Company's website has access to archived press releases and other relevant information, including a recent story in USA Today about the Company. Commenting on the new website, Pedro's founder & director Eden Miller stated: "Pedro's List is a transformative company that will soon positively impact the lives of millions of people every day. Our new website represents a small but significant step in introducing ourselves and our exciting company to our shareholders and the wider investor community. It also provides our valuable constituents with a window into current information about Pedro's List and keeps them informed about new developments and where we are headed. Over time, we intend to add additional features to our site to make it an even better resource for the public."

 

The Company announced the engagement of Think Ink Marketing Data & Email Services, Inc. ("Think Ink") to provide public relations services in an effort to increase public awareness of the Company. Think Ink is a California-based marketing firm established in 1991 that provides its customers with a complete range of marketing services that span both digital and direct mail venues. With its digital services ranging from data appending, email marketing and pay-per-click online banner and native ads, the company helps its clients reach a large network of potential investors. The Company has paid a fee of approximately $125,000 for the services of Think Ink, and additional funds may be paid as necessary. The Company will not issue any securities to Think Ink as compensation for its marketing services. As of the date hereof, to the Company's knowledge, Think Ink (including its directors and officers) does not own any securities of the Company and has an arm's length relationship with the Company.

 

Think Ink has and shall continue to, as appropriate, create campaigns, ad groups, text ads, display ads, perform detailed keyword research, setup and manage remarketing campaigns, optimize keyword options, coordinate online advertiser and marketers corresponding to online marketing targets, create landing pages for ad campaigns and generally bring attention to the business of the Company. The promotional activity undertaken by Think Ink will occur on www.markettactic.com, and at times by email and other social media.

 

"Taken together, the goal of the new corporate website and the retention of Think Ink is aimed at producing internal branding, web and marketing material as well as assisting with the coordination of advertising campaigns," believes Miller. "The Company looks forward to developing its brand image to be more in line with its current vision, first in Mexico and then in other non-USA based markets," concluded Miller.

 

According to ResearchandMarkets.com, looking at the global opportunity,  “High internet penetration in developing countries and rapid adoption of online sales channels by the market players are expanding the consumers base and brand's visibility to every corner of the world. Also, the availability of D-I-Y (Do it Yourself) products in the market to allow consumers to personalize the home improvement and remodeling based on their requirements is expected to bolster the Global Home Improvement Market growth in the next five years.”

 

Home Depot (NYSE:HD), reporting on its growth in Mexico said in December 2022 “Four new stores have joined The Home Depot Mexico family recently, bringing the store count in Mexico to 133. These new stores are: Gonzalitos in Monterrey, Nuevo León; Gómez Palacio in Gómez Palacio, Durango; Lázaro Cárdenas in Guadalajara, Jalisco; and Concordia in Apodaca, Nuevo León. Local officials joined our leadership teams for board cutting ceremonies to celebrate the grand openings.”

 

From the news: These new stores represent an investment and commitment to the communities where they are located. For instance, to celebrate the opening of the Gonzalitos store, the company donated products to Back2Back México, a non-profit organization dedicated to serving the needs of orphaned and vulnerable children and their families.

 

"I am very excited to open four stores in Mexico in 2022 and close the year with 133. I want to thank all our associates for the extraordinary work they have done in these challenging years. We are going for more. We want to be even closer to our customers and therefore we will accelerate our expansion plan and reach 150 stores in less than 5 years. I am convinced that The Home Depot's best years in Mexico are yet to come," says Jose "Pepe" Rodriguez, President of Home Depot Mexico

 

According to ecommeceguide.com “Home Depot Mexico exists in both brick and mortar stores across the country as well as through its only platform where customers can buy home supplies for bathrooms, decor, electrical, hardware, tools, lighting, yard, and more.”

 

Looking at the Top 10 Mexican Ecommerce Sites, obviously Walmart, who provides some home improvement products made the list. Looking at the overall growth plan for Mexico, including bricks and mortar, RetailTouchPoints.com reports, “Walmex (WALMEX.MX), Walmart’s  Mexico and Central America business, is planning to spend nearly $1.5 billion in the region in 2023. The investment, which is up 27% from the amount spent in 2022, will primarily be used to remodel and maintain existing stores while opening new locations, along with improvements to supply chain and technology.”

 

Looking at the dollar value of the home improvement market in Mexico, Spectrum Brands Holdings, Inc. (NYSE: SPB), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, announced in early June  that it received clearance from the Mexican competition authority to sell the Company’s Hardware and Home Improvement segment (“HHI”) to ASSA ABLOY for $4.3 billion in cash, subject to customary adjustments.

 

The approval from the Mexican competition authority was the last regulatory approval required to complete this transaction.

 

On June 20th, Spectrum announced the closing of the sale of the Company’s Hardware and Home Improvement business (“HHI”) to ASSA ABLOY.

 

Although several players are in the home improvement market in Mexico both online and in retail stores, there has not been a company solely targeting that market. A recent article featuring Pedro’s List notes,” Pedro’s List isn’t just the first home improvement and repair platform to launch in Mexico. Currently, there is no other company or competitor on the horizon. This creates a straightforward expectation that Pedro’s List will dominate Mexico’s $12.3 billion home improvement market over the coming years.” 

 

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