Walmart plans $1 billion spending on revamps

Mexico’s biggest retailer, Walmart de Mexico y Centroamérica, said on Tuesday the company plans capital expenditure for 2019 of $1.03 billion.

In a conference call, the company known as Walmex said that sum compared with expenditure of 17.9 billion pesos last year.

The company said 35 percent of the 2019 spending would be on existing stores, 31 percent on new stores, 20 percent on logistics and 13 percent on e-commerce and technology, Reuters reports.