{"id":77714,"date":"2024-03-12T20:28:49","date_gmt":"2024-03-13T01:28:49","guid":{"rendered":"https:\/\/equitynewsreport.com\/retailer-walmex-to-invest-around-2-billion-in-2024\/"},"modified":"2024-03-12T20:28:49","modified_gmt":"2024-03-13T01:28:49","slug":"retailer-walmex-to-invest-around-2-billion-in-2024","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/retailer-walmex-to-invest-around-2-billion-in-2024\/","title":{"rendered":"Retailer Walmex to invest around $2 billion in 2024"},"content":{"rendered":"<div readability=\"48\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Retailer Walmex to invest around $2 billion in 2024\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXNPEK2C00X_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters. FILE PHOTO: The logo of Walmart is pictured outside a store in Mexico City, Mexico July 27, 2023. REUTERS\/Henry Romero\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>MEXICO CITY (Reuters) &#8211; Mexican retailer Walmex is set to invest around 34.5 billion pesos ($2.05 billion) in 2024, up 19% from previous year, according to a filing published on Tuesday. <\/p>\n<p>Some 45% of the investment will be used for remodeling and maintenance work of its existing stores, with another 29% set for new openings and expansions. <\/p>\n<p>The company&#8217;s supply chain will benefit from 15% of the investment, while the remaining 11% will be destined to boost e-commerce and the implementation of new technologies. <\/p>\n<p>The chief executive of the Mexican retailer Guilherme Loureiro said last month that the company was in a position to continue to grow its footprint in Latin America&#8217;s No. 2 economy, after 2023 marked its fastest year for adding new stores in a decade. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: The logo of Walmart is pictured outside a store in Mexico City, Mexico July 27, 2023. REUTERS\/Henry Romero\/File Photo MEXICO CITY (Reuters) &#8211; Mexican retailer Walmex is set to invest around 34.5 billion pesos ($2.05 billion) in 2024, up 19% from previous year, according to a filing published on Tuesday. Some 45% of the investment will be used for remodeling and maintenance work of its existing stores, with another 29% set for new openings and expansions. The company&#8217;s supply chain will benefit from 15% of the investment, while the remaining 11% will be destined to boost [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77715,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,49,50,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77714"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77714"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77715"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}