Walmart Plans Expansion in Mexico and Central America
Feb 25, 2014
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Wal-Mart de México, S.A.B. de C.V. (Walmex), Walmart's Mexico and Central America business, plans to invest 15.0 billion pesos (approx USD $1.1 billion) in 2014 to increase its sales floor area and enhance technology for e-commerce.
An estimated 8.4 billion pesos will be used to for new store openings, and the company expects to add 3.7 million square feet of sales floor. In Mexico, sales floor is expected to increase 5.0%. In Central America it is expected to increase 7.6%.
The investment of 6.6 billion pesos will include:
• 3.5 billion pesos for remodeling and maintenance
• 1.2 billion pesos for logistics
• 1.9 billion pesos for technology, e-commerce & other improvements
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