Maria Jose Sorto
Wal-Mart de Mexico To invest 1.3 Billion in Logistics
Dec. 7, 2016 3:08 p.m. ET
Wal-Mart de Mexico is Mexico’s biggest retailers and private sector employer and it has the largest number of stores outside the U.S. This week, the company announced it is planning to invest around $1.3 billion in order to expand their operations in the country. This expansion will happen over the course of three years by improving existing stores and building new stores. Wal-mart de Mexico is also planning on doubling its annual sales over the course of the next 10 years. This has come in a time where the market and specially Mexico are curious about what will happen with Mexican-US relations now that Donald Trump has been elected president. Some U.S. investments have been put on hold since the elections and investors are unsure whether investing in the country is a good idea.
This is important because this means a greater expansion for the Wal-Mart company in Mexico. It is also notable to see how people are afraid of the future and how changes on the North American Free Trade Agreement might affect investments in Mexico. This can mean that there will be less business done with Mexico and less interactions with the country.