Walmex plans to open one store per day in Mexico this year
Submitted by mexbiznews on Fri, 02/25/2011 - 7:15am
Dow Jones
Retail leader Wal-Mart de Mexico, or Walmex, plans to ramp up investment and store openings in 2011 as it aims to sustain faster growth in sales in coming years, Chief Executive Scot Rank said Thursday.
Walmex expects to invest a "historic" 18.97 billion pesos ($1.56 billion) this year in its operations in Mexico and Central America, Rank said in a presentation to analysts broadcast over the Internet.
The company expects to open 365 stores in Mexico this year, an average of one a day.
