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Wal-Mart to invest $1.54 billion in Mexican and Central American stores this year

Wednesday, February 22, 2012

Retailer Wal-Mart de Mexico said it plans to invest around $1.54 billion in its operations in Mexico and Central America this year.

The company will open between 410 and 436 new stores to increase its floor space by 12 percent in Mexico, its main market, while growing its floor space in Central America by 9 percent.

The company also aims to achieve greater cost efficiencies, and to continue to bring the performance of its Central American stores more in line with its Mexican operations.

Source: Market Watch