- Walmart plans to increase its investments in Mexico and Central America by 27% to $1.49 billion in 2023, the company announced on Tuesday.
- Walmart’s division in Mexico and Central America, known as Walmex, said that 30% of the investments will go towards opening new stores and clubs, while about 45% of the investment will go to remodeling and maintaining existing stores, 12% will go towards expanding and modernizing the company’s supply chain, and 14% will go towards new technology products.
