Thursday, October 21, 2021

Logo Central America Link

Walmart will buy more

Wednesday, March 2, 2011












In a major expansion plan, Walmart Mexico and Central America, during the next year will open one a half new stores per week on average in the region, for a total 80 outlets, according to a company statement last week.

The plan involves an investment of approximately $400 million, and the hiring of about 4,500 people. The investment will be made in a mix of operations, which may include warehouses, discount stores, hypermarkets, warehouse clubs and supermarkets.

At the same time, the company announced its intention of opening no fewer than 365 stores in Mexico this year, or one every day, with an investment of close to $2 billion. "This is a historic investment for the company, "said Scott Rank, president and chief executive of WMC. "Never before have we invested so many resources in a single year".


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