07:12 AM EDT, 08/26/2024 (MT Newswires) -- Walmart ( WMT ) Mexico's new chief executive, Ignacio Caride, is aiming to double sales to 1.8 trillion Mexican pesos ($93.92 billion) by 2033, the Financial Times reported Sunday.

Caride plans to transform the company, known as Walmex, into a more integrated system of physical stores and online shopping that also cross-sells other services such as healthcare and financial services, the report said. He also intends to make Walmex competitive with digital-native companies, FT said.

"Walmex is changing, it's not a retailer anymore," Caride was quoted saying in an interview with FT. "Around that core business, which is very important, we are building a whole ecosystem."

Price: 75.75, Change: +0.05, Percent Change: +0.07