Wal-Mart de Mexico in Expansion

Staff -- Home Textiles Today, 2/23/2009 12:00:00 AM

Mexico City —

Wal-Mart de Mexico, which now operates 1,208 retail locations in five retail (and one restaurant) formats, plans to open 252 new stores in 2009, an investment of $11.8 billion pesos, or about $798 million.

In a statement by Eduardo Solórzano, ceo of Wal-Mart de Mexico, the division of Wal-Mart International said its 2009 plan represents a 4% increase than the 2008 investment in expansion — and projected a 15% in "new direct jobs," or as many as 14,500 new positions.

Solórzano stated, "Our 2009 investment plan will allow us to take the savings offer that characterizes us to more rural and urban populations, providing them with a wide variety of goods at every day low prices."

The 2009 store opening plan includes: 225 Bodega Aurrerá units; 13 Walmarts; 4 Superamas; 7 Sam's Club; and 3 Suburbia stores

These units represent a sales floor growth of 10%, the company said.