Wal-Mart de Mexico to Invest $1.3 Billion in Logistics

12/8/16 The Wall Street Journal

walmartMEXICO CITY— Wal-Mart de Mexico SAB, Mexico’s biggest retailer and private-sector employer, said Wednesday it plans to invest $1.3 billion in the country to expand and improve its logistics operations.

Much of the investment, which is in addition to the company’s annual capital expenditures on store openings and remodelings, will be made over the next three years, Chief Executive Guilherme Loureiro said in an event at the presidential residence. The plan involves the construction of new distribution centers and the upgrading of existing centers.

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