Wal-Mart de Mexico in aggressive expansion
February 20, 2009,
Mexico City – 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.
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
7 Sam’s Club
3 Suburbia stores
These units represent a sales floor growth of 10%, the company said.
The company said it will also expand its financial services division, Banco Wal-Mart, at a pace characterized by Solórzano as “gradual growth.”
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