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Walmart $1.5 billion boost to Mexico and Central America

Friday, February 25, 2011

Walmart de México y Centroamérica expects to invest a "historic" $1.56 billion this year in its operations in Mexico and Central America.

The company plans to speed up store openings, particularly in Central America, a region it entered early last year with the acquisition of around 500 stores that previously belonged to parent company Wal-Mart Stores and local investors. 

Walmex expects to open 365 stores in Mexico and 80 stores in Central America.

Original source: Dow Jones