Liverpool has recently dispelled rumors that it would acquire Nordstrom. “But even though they’re diversified across Mexico, they’re not diversified across markets.” What does Liverpool want with Nordstrom? “They’ve done some experiments,” Jashinsky said. In 2016, it bought Walmart’s Mexican apparel unit Suburbia for 15.7 billion pesos (or $853 million at the time). The possible Nordstrom takeover also isn’t the only time Liverpool has been involved with a U.S.-based retailer. Liverpool’s subsidiary in 2010 acquired a 30% stake in Regal Forest Holding Co, a durable consumer goods retailer in Central America. It has also made moves to grow the company into a pan-Latin America retailer. often send money to their families in Mexico. This came from the notion that Mexicans living in the U.S. who might be interested in purchasing items for their families in their homeland through a website or by calling a phone number. Back in 2006, the department store giant launched an initiative that focused on Mexican consumers in the U.S. Jashinsky said that although Liverpool has focused on Mexico for most of its existence, the company has shown some interest in other markets. “I think it’s a testament to them managing their inventory.”

“Despite the pandemic and some of the other issues that other department stores and retailers have faced, has come really strong,” said Brad Jashinsky, director analyst at Gartner. The Suburbia business unit offers items at a more accessible price point. The company currently operates 122 Liverpool department stores, 169 Suburbia stores, 28 shopping malls and 60 boutiques that feature brands like Gap, Pottery Barn and West Elm. What is Liverpool?įounded back in the 1840s, El Puerto de Liverpool has expanded its footprint throughout Mexico. “They’ve been a long staple of the Mexican retail ecosystem,” he added. He said that the company has performed exceptionally well over the past few quarters. “They’re definitely one of the main players in there when you’re looking within Mexico itself,” said Matteo Ceurvels, senior analyst for Latin America and Spain at Insider Intelligence. Experts interviewed by Modern Retail said the department store’s acquisition of Nordstrom shares could be Liverpool’s attempt to gain knowledge from Nordstrom and diversify its business rather than an acquisition. Its annual revenue in 2021 grew by 30.8% to over 151 billion Mexican pesos (about $7.5 billion), making it smaller than Nordstrom whose total revenue for the 12-month period ending Jan. Text adapted from the Introduction by Karen Irvine, Curator, Museum of Contemporary Photography, Columbia College, Chicago.Liverpool or El Puerto de Liverpool is a large department store chain that sells apparel, cosmetics and technology, among other items. Understanding that overdevelopment is not just a local problem, he works hard as an artist to share his photographs as one clear plea for responsible, sustainable development in a rapidly changing world. He lives in downtown Monterrey, and he cares deeply about its land, its people, and its future. Ultimately Cartagena documents the chaos and destruction that result from scant or misguided urban planning. Only the landscape appears capable of limiting their proliferation, the mountains and rivers the only forces able to contain their sprawl. He takes pictures of dried-up river beds that attest to the water misallocation and depletion brought about by the construction, and he depicts perpetual rows of tiny houses slicing directly into the foothills of the picturesque mountains that surround Monterrey. Over the years, various governmental policies resulted in new, decentralized cities with limited infrastructures where the pursuit of immediate financial gain trumped any interest in sustainability.Cartagena captures both the destruction that rapid urbanization has imposed on the landscape and the phenomenon of densely packed housing.

In Suburbia Mexicana Alejandro Cartagena photographs the particularities of the suburbs of Monterrey, Mexico which are relatively new and often hastily built, reflecting a general disregard for planning. Published by Photolucida and Daylight Books 2010 Suburbia Mexicana Book by Alejandro Cartagena. a guide to infrastructure and corruption.

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