Grupo Elektra SAB de CV

Grupo Elektra SAB de CV, incorporated in 1950, is a Mexico City headquartered company that forms a part of Grupo Salinas. Within its operations, it focuses on two main business segments. The retail segment includes the sale of consumer electronics, household appliances, furniture, motorcycles, and a plethora of other products, facilitated through its retail stores. Its financial services segment, delivered through its subsidiary Banco Azteca, offers a range of financial products and services such as consumer loans for goods, personal loans, credit cards, and additional financial solutions. Two significant brands define Grupo Elektra's presence in the marketplace. Elektra stands as the retail branch, marketing a variety of electronic goods and appliances, whereas Banco Azteca denotes the arm that provides inclusive financial services and products. The company has a broad geographic footprint, with its most critical markets located in Mexico, various countries across Central and South America, and the United States. In the U.S., Grupo Elektra has tailored its services to cater specifically to the Latin American community, focusing on offerings like money transfers and personal loans. (Powered by AI)