Walmex plans to boost investment in Central America

09/16/2010 | Wall Street Journal, The

Wal-Mart de Mexico CEO Scot Rank said the company plans to beef up investment in its operations in Central America to accelerate growth in its number of locations. "In Central America, we inherited a growth plan of 3.5%," Rank said. "Next year we'll be taking Central America to double-digit growth rates." Earlier this year, Walmex acquired Wal-Mart Central America's operations, which included hundreds of stores in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.

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