Walmart cuts investment in Central America

 

Walmart de México y Centroamérica, or Walmex, announced cuts to its 2014 investment plans in Mexico and Central America.

The retail giant said it will invest some $1.02 billion in the region, down from a planned $1.14 billion announced in February this year.

The company expects to add 4.1 percent to its retail space in Mexico, down from a previous estimate of 5 percent, but for Central America, the company maintains its estimate of 7.6 percent.

Full story (in Spanish)