Grupo Sanborns

Last updated
Grupo Sanborns S.A. de C.V.
Company type Private
Founded1903;121 years ago (1903)
Headquarters Mexico City, Mexico
Key people
Carlos Slim Domit (CEO)
Products Cafeteria, Restaurant, Retail, Pharmacy, Department Store
Owner Grupo Carso
Number of employees
18,000+
Parent Grupo Carso
Subsidiaries DAX
eduMac
Grupo Sanborns
Mixup
iShop-Mixup
Pam-Pam
Sanborns Café
Sears Roebuck México
Website sanborns.com.mx
Inside Sanborns restaurant and department store, in the Casa de los Azulejos, Historic center of Mexico City Casa de los Azulejos, Mexico D.F., Mexico, 2014-10-13, DD 46.JPG
Inside Sanborns restaurant and department store, in the Casa de los Azulejos, Historic center of Mexico City
The freestanding Sears Mexico store on Avenida Juarez in the Historic center of Mexico City Sears Building.jpg
The freestanding Sears Mexico store on Avenida Juárez in the Historic center of Mexico City
Mixup music store Mixup! (2423711019).jpg
Mixup music store
DAX Plaza Rio Tijuana, 2023 DAX Plaza Rio Tijuana nov 2023.png
DAX Plaza Río Tijuana, 2023
SFA Polanco (opened 2010, closed 2020) at Plaza Carso Mexico City 2015 Saks Plaza Carso, Museo Jumex, Polanco Mexico City Nov 2015.jpg
SFA Polanco (opened 2010, closed 2020) at Plaza Carso Mexico City 2015

Grupo Sanborns is a retailing arm of the Carlos Slim-run Grupo Carso that includes the namesake Sanborns restaurant and junior department store chain, Mixup music stores, iShop Apple/electronics stores, Sears department stores in Mexico, and until October 2023, Mexico's sole Saks Fifth Avenue store. [1] [2] [3] [4] [5]

Contents

As of 2021, the group sales were 53 billion Mexican pesos, equivalent to around US$2.6 billion. It operated in 62 metropolitan areas and towns across the country, with formats including:

It is headed up by Patricio Slim Domit, son of Carlos Slim. [6]

Divisions

As of end of 2020, there are the following divisions: [7]

Sanborns division

The Sanborns division as of December 2020 included: [7]

"Other formats" division

Formerly included

Sanborns

iShop

A chain of consumer electronics stores focusing on Apple computers, smartphones and accessories. Certified Apple Premium reseller. [8]

Mixup

A chain of music stores across Mexico, often as joint Mixup/iShop stores.

Sears Mexico

DAX

Defunct group businesses

Saks Fifth Avenue

From 2007 until 2023, the group operated the only Saks Fifth Avenue stores in Mexico, both in Mexico City, one at Plaza Carso mall in Nuevo Polanco from 2010 to 2020, the other at Centro Santa Fe from 2007 to 2023. [1] Deciding not to renew its Saks franchise, the group will convert it to a Sears. [9]

Related Research Articles

<span class="mw-page-title-main">Saks Fifth Avenue</span> Multinational department store chain founded in the United States

Saks Fifth Avenue is an American luxury department store chain founded by Andrew Saks and headquartered in New York City. The original Saks opened in the F Street shopping district of Washington, D.C. in 1867. Saks expanded into Manhattan with its Herald Square store in 1902 and flagship store on Fifth Avenue in 1924. The chain was acquired by Tennessee-based Proffitt's, Inc. in 1998, and Saks, Inc. was acquired by the Hudson's Bay Company in 2013.

<span class="mw-page-title-main">South Coast Plaza</span> Shopping mall in Costa Mesa, California, United States

South Coast Plaza is a regional shopping mall in Costa Mesa, California. The largest shopping center on the West Coast of the United States, its pre-COVID sales of over $1.5 billion annually were the highest in the United States. Its 275 retailers represent the highest concentration of design fashion retail in the U.S., with the second highest sales-volume in California at $800 per square foot ($8,600/m2)—second only to Westfield Valley Fair in San Jose-Santa Clara, at $809 per square foot ($8,710/m2). The national average is $411 per square foot ($4,420/m2). The mall is anchored by three Macy's stores, Nordstrom, Bloomingdale's, and Saks Fifth Avenue. South Coast Plaza is the largest shopping mall in California and the 4th largest in the United States.

<span class="mw-page-title-main">Carlos Slim</span> Mexican businessman (born 1940)

Carlos Slim Helú is a Mexican business magnate, investor, and philanthropist. From 2010 to 2013, Slim was ranked as the richest person in the world by Forbes business magazine. He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso. As of December 2023, the Bloomberg Billionaires Index ranked him as the 11th-richest person in the world, with a net worth of $105 billion or about 7% of Mexico's GDP, making him the richest person in Latin America.

<span class="mw-page-title-main">Phipps Plaza</span> Shopping mall

Phipps Plaza is a shopping mall in the Buckhead area of Atlanta, Georgia. It is located at the intersection of Peachtree Road and Lenox Road, adjacent to the Phipps Tower office building. The mall is currently owned and managed by Simon Property Group, and is considered a sister mall to the adjacent, Simon-owned Lenox Square. The mall features Nordstrom and Saks Fifth Avenue.

<span class="mw-page-title-main">Sears Mexico</span> Department store chain in Mexico

Sears Operadora México, S.A. de C.V. is a department store chain located in Mexico, operating 93 stores all over Mexico as of 2024. Sears México is operated by Grupo Sanborns, a division of Grupo Carso.

<span class="mw-page-title-main">Sanborns</span>

Sanborns is a chain of stores with a format combining a restaurant with a junior department store, with locations across Mexico and dates to 1903. It is part of Grupo Sanborns, in turn owned by Grupo Carso of the Carlos Slim empire.

Grupo Carso is a Mexican global conglomerate company owned by Carlos Slim. It was formed in 1990 after the merger of Corporación Industrial Carso and Grupo Inbursa. The name Carso stands for Carlos Slim and Soumaya Domit de Slim, his wife.

<span class="mw-page-title-main">Carlos Slim Domit</span> Mexican businessman

Carlos Slim Domit is a Mexican businessman and the son of Carlos Slim Helú.

<span class="mw-page-title-main">Plaza Carso</span> Large mixed-used development in Mexico City, Mexico

Plaza Carso is a large mixed-use development in the Nuevo Polanco area of Miguel Hidalgo, Mexico City, backed by billionaire Carlos Slim. The total cost of the complex is quoted between US$800 million and 1.4 billion. The complex claims to be the largest mixed-use development in Latin America. It was built on the site of a former Vitro glass factory.

<span class="mw-page-title-main">Nuevo Polanco</span> Place in Mexico City, Mexico

Nuevo Polanco is an area of Mexico City formerly consisting of warehouses and factories, bordering the upscale Polanco on the north across Avenida Ejército Nacional. Officially it consists of two colonias, Granada and Ampliación Granada.

<span class="mw-page-title-main">Dorian's</span>

Dorian's was a department store chain based in Tijuana, Baja California, Mexico.

<span class="mw-page-title-main">Ciudad Jardín Bicentenario</span> Sports and shopping complex in Mexico

Ciudad Jardín Bicentenario, also known as Ciudad Jardín, is a sports and shopping complex in Ciudad Nezahualcóyotl ("Neza"), State of Mexico, part of Greater Mexico City. Opened in May 2009, it was developed on 250 hectares of what were the Neza I y II landfills, which in their 65 years of history received over 12,000 tonnes of garbage from Mexico City. On 60 hectares a sports center was built, the largest in Greater Mexico City. On the second lot, a shopping center was built, inaugurated in late 2008, as well as a higher education institute, a hospital, medical offices, a community center and an entertainment area.

<span class="mw-page-title-main">Broadway Plaza (Walnut Creek)</span> Shopping mall in California, United States

Broadway Plaza is an outdoor shopping mall located in downtown Walnut Creek. The shopping center opened on October 11, 1951 and is owned and operated by Macerich. The mall is anchored by Nordstrom and Macy's, and features nearly 80 stores including Crate & Barrel, flagship H&M and ZARA stores, a standalone Apple store with an adjoining outdoor plaza, an Industrious co-working space, a Life Time Fitness sports club, and a planned Pinstripes entertainment center and restaurant.

Department stores are an established retail format globally. The format has origins in France, the United Kingdom and United States, among many others.

<span class="mw-page-title-main">Plaza Insurgentes</span> Shopping center in Mexico City, Mexico

Plaza Insurgentes is an enclosed neighborhood shopping center along Avenida Insurgentes in Colonia Roma, Mexico City. It opened in 1999 on the site of the first Sears Mexico store which had opened in 1947 and was subdivided to add mall stores. When the Sears was built, it was far from the upscale shopping districts at that time, downtown along Avenida Juárez and the department stores just south of the Zócalo.

iShopMixup Mexican computer, smartphone and music retailer

iShop and Mixup are two retail store chains forming Promotora Musical, S.A. de C.V. : iShop sells electronics and Mixup sells music in stores across Mexico, some of which are joint. iShop specializes in Apple products and is an official Apple Premium reseller. Together they are part of Grupo Sanborns, in turn part of Grupo Carso controlled by billionaire Carlos Slim. Mixup was founded in 1989. iShop Mixup is headed by Patricio Slim Domit, son of Carlos Slim and Head of Grupo Sanborns, and has about 2,000 employees. Forbes rated the company #199 among Mexico's best employers in 2022.

DAX is a chain of 25 beauty and variety stores in Mexico based in Tijuana, Baja California, the country's sixth largest metropolitan area. The stores are modeled along the United States model of large pharmacies such as CVS or Walgreens, selling cosmetics, beauty supplies, and a limited range of kitchen supplies, decorative accessories, small appliances and electronics. DAX states that it is targeted at women. It can be characterized as a variety store, beauty store, and pharmacy.

Sears expanded into Latin America and Spain starting with a small store in Downtown Havana, Cuba in 1942. Sears opened its first store in Mexico City in 1947; the Mexican stores would later spin off into Sears Mexico, now owned by billionaire Carlos Slim's Grupo Sanborns, which by the end of 2022 operated 97 stores across Mexico.

<span class="mw-page-title-main">Plaza Las Américas (Cancún)</span> Shopping mall in Cancún, Mexico

Plaza Las Américas in Cancún, Quintana Roo state, Mexico opened in 2005 is the largest shopping center in Cancún. It now includes residential towers Torres de las Américas atop a second shopping area Malecón Américas.

References

  1. 1 2 "Formatos de Negocios ("Business Formats")". Grupo Sanborns (in Spanish). Retrieved October 29, 2023.
  2. "Saks Fifth Avenue debuts in Mexico". Chain Store Age. Retrieved 2022-10-30.
  3. "Saks Fifth Avenue Mobile". www.saksfifthavenue.com. Retrieved 2022-10-30.
  4. "Saks Expands Presence in Mexico City". Visual Merchandising and Store Design. 2010-10-21. Retrieved 2022-10-30.
  5. MX, FashionNetwork com. "Saks Fifth Avenue cerrará sus puertas en México el próximo octubre". FashionNetwork.com (in Mexican Spanish). Retrieved 2022-10-30.
  6. "Patrick Slim Domit | BoF 500 | The People Shaping the Global Fashion Industry". The Business of Fashion. Retrieved 11 January 2024.
  7. 1 2 “Formatos”, Grupo Sanborns, accessed 12 January 2024
  8. iShop Mixup official website
  9. Title: Carlos Slim se despide de Saks Fifth Avenue en México