Retail: Two Sides of the Coin in the RegionDuring the fourth quarter of 2019, Walmart's sales increased year-on-year in all countries in the region, except in Costa Rica, where they fell because of the lower dynamism of local economic activity.Wednesday, February 19, 2020
The signs of recovery reported in the Costa Rican economy in the second half of 2019 do not seem to have been enough to boost retail trade, as one of the largest supermarket chains is registering a drop in sales. Source: elobservadorcr.com Do you need information from the retail sector? Contact Us.Need assistance? Contact us
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Supermarkets: New $16 Million InvestmentNovember 2019 The Walmart chain is investing in the construction of a new supermarket in Santa Ana, El Salvador, which will have a sales hall of 4,600 square meters. Supermarket Chain to Prepare InvestmentsApril 2019 Walmart plans to invest $48 million in Guatemala during 2019, of which $25 million will be used to open new stores and remodel existing ones. Supermarket Chain Purchase StoppedDecember 2018 Arguing that there are risks that the economic agent will affect market prices, in Costa Rica the Commission for the Promotion of Competition denied Walmart the request to purchase the supermarket group Gessa. Walmart Announces $800 million Investment in Central AmericaMarch 2016 This year multinational plans to invest that amount in remodeling, maintenance, new units, electronic commerce, and logistics and distribution.
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