Wal-Mart de Mexico in Expansion

Wal-Mart de Mexico, which now operates 1,208 retail locations in five retail (and one restaurant) formats, plans to open 252 new stores in 2009, an investment of $11.8 billion pesos, or about $798 million.

In a statement by Eduardo Solórzano, ceo of Wal-Mart de Mexico, the division of Wal-Mart International said its 2009 plan represents a 4% increase than the 2008 investment in expansion — and projected a 15% in "new direct jobs," or as many as 14,500 new positions.

Solórzano stated, "Our 2009 investment plan will allow us to take the savings offer that characterizes us to more rural and urban populations, providing them with a wide variety of goods at every day low prices."

The 2009 store opening plan includes: 225 Bodega Aurrerá units; 13 Walmarts; 4 Superamas; 7 Sam's Club; and 3 Suburbia stores

These units represent a sales floor growth of 10%, the company said.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!