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Walmart competitors in Costa Rica invest $80 million to boost competition

Monday, May 9, 2011

Walmart has made clear its aims to invest $160 million in Costa Rica and the rest of Central America.

Now the US chain’s competitors are formulating strategies to counter Walmart’s muscle with investments of their own totaling $80 million.

Auto Mercado, Grupo Empresarial de Supermercados (GESSA) and Corporación Megasuper are aiming to boost their presence and defend their niches.

Original source (in Spanish): La República