Mexican retailer Wal-Mart de Mexico (Walmex) has said it is to invest 7.2bn pesos (US$651.8m) to open 77 new stores over the next 18 months.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company said the plan to invest in expansion was approved at a shareholders meeting this week, reported Reuters.


Walmex, which is majority owned by US retail titan Wal-Mart, recently reported an 8% rise in fourth-quarter net profit and record sales for 2003.


Last year the company invested around 5.2bn pesos in expansion and modernisation, opening 46 new stores. Walmex now operates a chain of 640 retail outlets and restaurants.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now