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 Culiacán Municipality and the state of Sinaloa. The city was founded on 29 September 1531 by the Spanish conquistadors Lázaro de ...
,
Sinaloa
Sinaloa (), officially the (), is one of the 31 states which, along with Mexico City, compose the Federal Entities of Mexico. It is divided into 18 municipalities, and its capital city is Culiacán Rosales.
It is located in northwest Mexic ...
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 list of states of Mexico, state of Sinaloa. The city serves as the municipal seat for the surrounding , known as the Mazatlán Municipality. It is located on the Pacific Ocean, Pacific coast across from th ...
, 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 and online retailer founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosen ...
,
El Palacio de Hierro and
Famsa. 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 is a multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along wi ...
, 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
Department stores of Mexico
Companies based in Sinaloa
Mexican brands
External links
{{commonscat, Coppel