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.
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 retailtrade, as one of the largest supermarket chains is registering a drop in sales.
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.
According to information revealed by the company's directors, the new sales point, which is being built on a 15,000-square-meter site, will have a parking lot with capacity for 149 vehicles.
Walmart opened a new sales point under the Maxi Despensa format, in La Libertad, and required a $4 million investment.
Walmart representatives informed that the new Maxi Despensa Campos Verdes is located in a total area of 1,833 square meters, of which 1,436 square meters correspond to the sales room.
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.
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.
Representatives of the Commission for the Promotion of Competition (Coprocom) informed that the decision was taken unanimously on December 4th and the parties were notified the following day.
In Costa Rica a group of cooperatives, associations and companies are considering to present a purchase offer for the supermarket chain Gessa, in order to try to stop Walmart from making the acquisition.
Walmart Mexico and Central America reported that the transaction was presented on July 19 to the Commission for the Promotion of Competition (Coprocom), which must evaluate and authorize it.
The growing influx of tourists in Guanacaste is one of the factors that is encouraging supermarket chains to increase the number of branches in the province.
The growing influx of international tourists to beaches in Guanacaste has increased the attractiveness of the province for the commercial sector, particularly supermarkets.According to Elfinancierocr.com,"...Super Compro (owned by Gessa) has 23 stores in Guanacaste, which makes it the chain with the most stores in the province, followed by Palí (Walmart) with 13 and Megasuper with 7."
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'."
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