Walmex, Walmart Inc.’s Mexico and Central America business unit is investing to upgrade its stores, supply chain and technology.
The company plans to invest nearly $1.5bn in its operations in the region in 2023, which is 27 per cent more than it spent last year. About 45 per cent of the investment will be dedicated to store remodels and maintenance, improving omni-channel capabilities and implementing projects to increase energy efficiency and sustainability, as well as accessibility for people with disabilities.
An additional 29 per cent of the investment will go towards building new stores and clubs. In 2023, new stores are expected to contribute between 1.2 per cent and 1.4 per cent to total store growth. Bodega will continue to be the company’s main growth format.
