Coppel is a nationwide department store in Mexico based in
Culiacán
Culiacán, officially Culiacán Rosales, is a city in northwestern Mexico, the capital and largest city of both the Culiacán Municipality and the state of Sinaloa. The city was founded on 29 September 1531, by the Spanish Conquistadores, con ...
,
Sinaloa
Sinaloa (), officially the Estado Libre y Soberano de Sinaloa ( en, Free and Sovereign State of Sinaloa), is one of the 31 states which, along with Mexico City, comprise the Administrative divisions of Mexico, Federal Entities of Mexico. It is d ...
and founded in 1941. It is noted for extending easy credit and for enabling payment of purchases via twice-monthly installments.
[Jesús Remedios Vega, De persona a persona el estilo Coppel de innovar, Primera edición, México 2012, ]
Coppel began with its creator Enrique Coppel Tamayo who set up shop in
Mazatlán
Mazatlán () is a city in the Mexican state of Sinaloa. The city serves as the municipal seat for the surrounding ''municipio'', known as the Mazatlán Municipality. It is located at on the Pacific coast, across from the southernmost tip of ...
, later moving to Culiacán.
By 1990 the chain had 24 stores. In 2002 it bought Canadá shoe stores. This allowed Coppel to become one of the main distributors in Mexico not only of shoes but cellphones, clothing, televisions and furniture.
It is today one of the 100 largest companies in Mexico according to
Expansión, with sales higher than
Sears
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began a ...
,
El Palacio de Hierro
El Palacio de Hierro (officially ''El Palacio de Hierro S.A. de C.V.''; en, The Iron Palace) is an upscale chain of department stores in Mexico. Its flagship store in Polanco, Mexico City, reopened in 2016 after an extensive renovation of US$300 ...
and
Famsa
Grupo Famsa was a retail company engaged in the purchase and sale of household appliances, electronic products, furniture, clothing and other consumer products in Mexico and United States. Today the company has 379 stores in 78 Mexican cities and ...
. In 2015, it purchased the 51-store Viana chain to convert them to Coppel stores with an investment of 2.5 billion Mexican pesos, around 150 million USD.
According to
Deloitte
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of profession ...
, Coppel is ranked 156th-largest retailer in the world with sales in fiscal year 2015 of 6.156 billion USD.
In 2020 Coppel implemented the Universidad Corporativa Coppel
for Coppel employees who have 3 months of seniority, as well as for direct relatives aiming to make its staff more qualified and grow professionally.
References
Facturación Coppel
Department stores of Mexico
Companies based in Sinaloa
Mexican brands
External links
{{commonscat, Coppel