Clothing: Guatemalan Company Expands to Mexico

Under the brand of Tiendas Rechido, Corporación Megapaca opened its first store selling second-hand clothing in the city of Morelia, Michoacan.

Tuesday, September 22, 2020

The new store operating in the Mexican market will make available to the public 50 thousand garments and the business strategy of the business group is to enter the Mexican market as an environmentally sustainable fashion option.

See "Market Study: Clothing Stores in Mexico"

Mario Pena, General Manager of Megapaca, told Elperiodico.com.gt that "... It is very important for us to be able to open our first store in Mexico, it is something that excites us very much and we see a great future for the company in that country."

Also see "Sportswear: Brand Presence in the Mexican Market"

Pena pointed out that "... 19 years ago we opened our first store in Guatemala, from the beginning we tried to make a change in the way we sold second hand clothes and we placed them hanging, tidy, in a pleasant and clean environment; this changed the way of buying second hand clothes, in addition to this the work that our team does and the attention that is given to our clients, has allowed Megapaca to have a great evolution from its beginnings until today in Guatemala, Honduras and now in Mexico."

In addition to its new store in Mexico, Megapaca Corporation has 90 stores in Guatemala and Honduras.

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More on this topic

Clothing: New Investment in Costa Rica

August 2019

The Colombian company Patprimo invested in the opening of two stores located in Curridabat and Escazú, with an estimated investment of around $800 thousand.

The South American company reported that the investment in the operation of the premises in Multiplaza Curridabat and Multiplaza Escazú totaled $800,000, and will sell clothing such as dresses, shoes, accessories, jeans, blouses, casual clothing and underwear, among other items.

Clothing: Nicaraguan Investment in Costa Rica

May 2019

The owners of the Runway, NK Collection and Todo Jeans stores opened their first point of sale in a shopping mall in Santa Ana, and plan to open more in the coming years.

The Nicaraguan company opened its first women's clothing store, Runway Costa Rica, in the Santa Ana Town Center, and required over $200,000 in investment.

Retail: Strategies for Attracting Millennials

April 2019

Offering low prices, promotions and discounts similar to those found in U.S. stores, is part of the bet that AR Retail seeks to attract customers, especially millennial, in the Costa Rican clothing market.

At the beginning of 2019, AR Retail, a company dedicated to the marketing of the brands GAP, Banana Republic and Old Navy, reported that it plans to invest $6.2 million over the next few years in the start-up of nine stores in the Greater Metropolitan Area.

New Investments in Clothing Stores

January 2019

In Costa Rica, AR Retail company plans to invest $6.2 million in the next few years to start up nine stores in the Greater Metropolitan Area.

The company's plan to commercialize the brands GAP, Banana Republic and Old Navy, is to launch the first two stores in 2019, another three in 2020 and the remaining four in the following years.

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