Wal-Mart de México y Centroamérica is planning a significant expansion of its store fleet over the next five years, adding more than 1,500 stores to the 4,000+ locations it already operates. The retailer will use a CapEx investment of 41.8 billion Mexican pesos ($2.05 billion) to add more than 15 million square feet of total sales floor space.
The total CapEx investment represents a 20% increase over the previous year. Wal-Mart de México will use 30% of it on the new store construction, and has allocated 41% to renovating and maintaining current stores, including incorporating omnichannel functions. This Walmart division currently operates 3,154 stores in Mexico and 925 in Central American countries.
Just under one-fifth (18%) of the investment will go toward expanding and modernizing the retailer’s supply chain network to increase growth capacity and improve customer service, while 11% will be used to enhance the shopping experience on its digital platforms, improve analytics capabilities and automate stores and distribution centers to increase associate productivity.
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