Wal-Mart increased its investment in Mexico and Central America by 27% year-on-year to about $1.5 billion this year.
Walmex, a unit of retail giant Wal-Mart in Mexico and Central America, said the company plans to increase investment in the region by 27% year-on-year to 27 billion pesos (14.900 million dollars) or so。
On Tuesday, local time, it is understood that Walmex, a unit of retail giant Wal-Mart in Mexico and Central America, said the company plans to increase investment in the region by 27% year-on-year to 27 billion pesos (14.$900 million), with an investment of 21.3 billion Sobi last year, Walmex said lower-than-expected capital spending last year was mainly due to delays in some projects due to supply chain disruptions.。
Regarding the specific use of the investment, Walmex said in a filing after an event with investors and analysts that nearly half of the new investment will be used for the renovation and maintenance of existing stores, nearly 30% will be used for new stores and clubs, and about 12% will be used to "expand and modernize the company's supply chain."。
Walmex received approval from Mexican authorities on Monday to purchase a Mexican electronic payment provider.。
The company also said during the event that it would launch a new health membership product, leveraging nearly 1,500 pharmacies and 500 doctors' offices in stores in the region.。
"For just 30 pesos, our customers get 24 / 7 unlimited telemedicine services, nutrition services, ambulances in emergencies, specialist discounts and a 5% discount at our pharmacy and get a consultation at our doctor's office," said Beatriz Nunez, head of growth at Walmex.。
Nunez added that last year, the company delivered health solutions to more than 1 million patients, not including pharmacy customers.。"In 2023, we want to develop health as a strong vertical, and it's still very early days, but we know how important it is to our customers."。"。
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