Walmart plans to invest some $700 million in Guatemala over the next five years, the company's Central America head said on Wednesday, reports Reuters.
The announcement by regional executive Cristina Ronski came during the groundbreaking of a new store in the Central American country.
It comes days after the company said during the groundbreaking of a new distribution centre in Costa Rica that it would invest around $600 million in that country over the next five years.
Walmex, as Walmart's Mexico and Central America unit is known, reported double-digit same-store sales growth in the first quarter in Guatemala, as well as in Nicaragua and Honduras. Costa Rica saw low- to mid-single-digit growth in the quarter.
Walmart to invest $700m in Guatemala over 5 years
FE Team | Published: May 25, 2024 21:35:42
Walmart to invest $700m in Guatemala over 5 years
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