Walmart Announces $800 million Investment in Central America

This year multinational plans to invest that amount in remodeling, maintenance, new units, electronic commerce, and logistics and distribution.

Tuesday, March 15, 2016

From a statement issued by Walmart of Mexico and Central America:

Mexico City, 10 March 2016.- In 2016 Walmart de Mexico and Central America will invest an estimated $14.700 million pesos ($866 million), 17% higher than the total amount invested last year.

This figure was released as part of the 12th Annual Meeting with Analysts from Walmex, where its Executive Chairman and CEO, Guilherme Loureiro reiterated the company strategy to double total sales in 10 years and grow profits faster than sales.



More on this topic

New Supermarket in Costa Rica

July 2020

After investing $17 million, Walmart opened a new store to the public on July 10, in the canton of San Pablo, province of Heredia.

This new location becomes the 14th store that the chain will operate under the Walmart format and for the operation of this supermarket, the company will hire 123 people, said the official statement.

Retail: Two Sides of the Coin in the Region

February 2020

During 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.

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.

Supermarket Chain to Prepare Investments

April 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.

According to information provided by representatives of Walmart, the investment projected for this year in the country will double that invested in 2018, since last year the amount disbursed totaled $24 million.

More Investments by Walmart in Honduras

June 2016

The supermarket chain has announced that it is preparing to open twelve new stores in 2016, including one in the Walmart format in Tegucigalpa, in which it plans to invest $12 million.

Currently the American supermarket chain Walmart operates 82 outlets in Honduras, and expects to close 2016 with at least 100 stores in four formats that it is currently operating. In the case of the larger format store, Walmart, Hernan Muntaner, vice president of Perishables and Agroindustrial Development for Walmart of Mexico and Central America, told Laprensa.hn that "... 'the project will be built in Tegucigalpa, with an estimated investment of 12 million dollars between land and construction'."

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Companies

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 26)
Brent Crude Oil
40.81
Coffee "C"
109.35
Gold
1,902
Silver
24.390