08:43 AM EDT, 04/02/2024 (MT Newswires) -- Home Depot ( HD ) said late Monday it plans to invest about 2.86 billion Mexican pesos ($172 million) in Mexico to expand its market share, products, and branch network.

The company said it plans to open 12 new stores to reach a total of 150 in Mexico. Home Depot ( HD ) also intends to expand its online offerings by launching a new mobile app and leveraging artificial intelligence to enhance customer service, the company added.

Price: 367.34, Change: -0.69, Percent Change: -0.19