MEXICO CITY, March 27 (Reuters) - Walmart's Mexico unit
said on Thursday it would invest more than $6
billion in the country this year, around triple its planned
spending from the year before.
The funds will go toward opening new stores and to
continue construction on two distribution centers, according to
the firm.
Mexico City-listed shares climbed more than 2% on the
announcement.
Speaking virtually from Mexican President Claudia
Sheinbaum's daily press conference, Walmex Chief Executive
Officer Ignacio Caride said the investment would create 5,500
direct jobs.
Walmex, which operates Walmart and Sam's Club stores in
Mexico as well as low-cost supermarket chain Bodega Aurrera, is
one of the nation's largest private employers.
The group
had earmarked
just around $2 billion in spending for 2024.
Walmex executives will host an investor's day later on
Thursday in which they will give more detail on planned
spending.