Walmart last year launched its most massive growth in Mexico since 2013, opening 134 new shops in its high international market and boosting its presence by almost 5%, the retailer mentioned Wednesday.
Walmart now runs three,407 shops in Mexico, the place it has other sites than in another nation outdoors the US, its Mexican unit, Walmart de Mexico, mentioned in a month-to-month report.
Practically all the brand new models belong to the Bodega Aurrera household of shops, together with the small, no-frills Bodega Specific that’s cheaper and faster to construct than Walmart’s larger codecs.
Though analysts anticipate Walmart to keep up its tempo of development because it seeks to generate a better share of gross sales from new shops, Mendoza’s famous enlargement can create complications for an organization that’s already Mexico’s most significant retailer.
The following year, the agency turned embroiled in allegations it paid bribes to gasoline its actual property enlargement, and the tempo of the latest openings slowed dramatically within the aftermath.
Final yr’s new openings had been the very best since 2013 when Walmart opened 214 shops throughout Mexico.
In Central America, the place the weak regional financial system has dampened enterprise, Walmart opened 27 stores in 2019.
Gross sales at Walmart shops open for higher than a year in Mexico rose 2.6% in December in contrast with the same month in 2018, while the whole total sales in the nation rose 4.1%.