Grupo Famsa

Grupo Famsa S.A.B. de C.V.
Company typePublic
BMV: GFAMSA A
IndustryRetail
Founded1970; 54 years ago (1970)
Defunct31 March 2023; 19 months ago (2023-03-31)
(México only)[1]
FateBankruptcy[2]
HeadquartersMonterrey, Mexico
Key people
Humberto Garza González, (Chairman)
Humberto Garza Valdéz, (CEO)
ProductsFinancial services
RevenueIncrease US$ 1.1 Billion (2009)
Decrease US$ 7.8 Million (2009)
Number of employees
18,000
Websitewww.grupofamsa.com
www.famsa.com
Famsa location #38 Bellaire, in the Gulfton area in Houston

Grupo Famsa is a Mexican retail company that owns Famsa department stores, the company was one of the most important retail stores in Mexico. In 2023, the company has operations in Texas with 21 stores and 21 personal loan branches.[3]

Until 2022 the company had 379 stores in 78 Mexican cities and 22 stores in Texas and Illinois, where 23% of the Hispanic population of the USA resides.[4] The company has its headquarters in Monterrey, Mexico.[5]

It also manufactured furniture and provides banking and credit services, including personal car financing through its Banco Ahorro Famsa. The bank had 359 banking branches within its stores in Mexico until 2020 when the service was liquidated.[6] In Famsa locations in the United States, customers can order deliveries of goods to locations in the United States and Mexico.[7]

In addition, Famsa is in the footwear catalog business. The company serves wholesale and retail customers through retail branches and wholesale warehouses. The company was founded in 1970 in Monterrey.[4][8]

In 2023, Grupo Famsa closed 69 stores, the 3 remaining Famsa stores remained opened with the last one in Colón avenue closing on March 31, 2023.[2][9]

In 2023 the chain only remains in Texas with 21 Famsa Furniture stores and 21 personal loan branches by Famsa Loans and Famsa Financial.[10]

  1. ^ "Famsa, a punto de desaparecer: ¿Debo seguir pagando mi crédito?".
  2. ^ a b "Famsa cierra casi todas sus tiendas en México, mantiene 3 en operación". 26 February 2023.
  3. ^ "Store List – FAMSA Locations". Retrieved 2023-04-09.
  4. ^ a b "Famsa | FAMSA USA".
  5. ^ "Contact Archived 2012-04-26 at the Wayback Machine." Grupo Famsa. Retrieved on January 2, 2011. "Corporate Offices: Ave. Pino Suárez No. 1202 nte. Zona Centro C.P. 64000 Monterrey, N.L., México"
  6. ^ "Famsa | FAMSA MEXICO".
  7. ^ Moreno, Jenalia. "Shopping / Retailer pushes north / Famsa chain from Mexico finds growth in the U.S." Houston Chronicle. Sunday August 20, 2006. Business 1. Retrieved on March 4, 2010.
  8. ^ "Quienes-somos - FAMSA".
  9. ^ "Famsa cierra tienda en Monterrey, la última tras operar por mas de 50 años". Milenio. 31 March 2023. Retrieved 1 April 2023.
  10. ^ "Store List – FAMSA Locations". Retrieved 2023-04-11.