Wal-Mart de México is to invest US$12.5bn in the opening of 300 units in Mexico City.

The investment, the firm said yesterday (18 February), will create around 7,000 permanent and 7,800 indirect jobs.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The units will include self-service Bodega Aurrera, Walmart, and Superama stores; Sam’s Club price clubs; Suburbia apparel stores; and Vips restaurants.

“I’m pleased that in the bicentennial year we are doing our share for Mexico by making the largest investment in the company’s history,” said Scot Rank, executive president and CEO for Walmart de México y Centroamérica.

“In 2010, company performance will combine the growth of our traditional business formats with the drive of our three most recent platforms: Bodega Aurrera Ex-press, Banco Walmart, and the merger with Walmart Centroamérica operations.”

In addition to the new units, the group said it is allocating over MXN1bn ($77.6m) in updating its distribution and logistics network, and will increase its budget to remodel existing units by 21%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Tabasco-based distribution centre will service seven states in Southeastern Mexico: Campeche, Chia-pas, Tabasco, Oaxaca, Quintana Roo, Yucatan, and Veracruz, taking care of over 500 suppliers.

The planned wind-power park in Oaxaca will open in March and is designed to save up to 292 GWh of electricity a year and will facilitate the supply of electricity to over 348 stores in Central Mexico.

Rank added: “Our financial strength will allow us to keep our pace and growth plans with a medium- and long-term perspective. It also represents a great opportunity for synergies and efficiencies that will be beneficial for our customers.”