Reported 5 months ago
Walmart plans to invest $700 million in Guatemala over the next five years, as announced by the company's Central America head, Cristina Ronski, during the groundbreaking of a new store in the country. This investment follows a recent announcement of a $600 million investment in Costa Rica over the same period. Walmart's Mexico and Central America unit, Walmex, reported strong sales growth in Guatemala, Nicaragua, and Honduras in the first quarter, while Costa Rica saw moderate growth.
Source: YAHOO