Background on Walmart de México and its Significance
Walmart de México y Centroamérica is the largest retail chain in Mexico, playing a crucial role in the country’s retail sector. The company has been a significant player in Mexico’s economy, contributing to job creation and local development. Its stock performance often reflects investor confidence in the Mexican market.
Stock Performance and Recent Decline
Walmart de México’s stock has recently experienced a 4.62% drop, bringing its value to 50.94 pesos – the lowest point since October 14, 2020. This decline began at the end of the previous week after the company failed to meet analysts’ expectations during the second quarter of 2023.
Investment Plan in Tabasco
In response to the stock decline, Walmart de México announced a substantial investment plan in Tabasco. The company plans to invest over 990 million pesos (approximately $53.4 million USD) from 2025 to 2027 for the following initiatives:
- Opening seven new stores under formats Bodega Aurrerá, Walmart Supercenter, and Walmart Express
- Remodeling existing stores and clubs in 2025 and 2026, requiring an investment of 880 million pesos (approximately $47.4 million USD)
Commitment to Tabasco’s Development
Javier Treviño, Senior Vice President of Corporate Affairs for Walmart de México y Centroamérica, emphasized the company’s dedication to Tabasco’s development beyond mere commercial growth:
“Nuestro compromiso con Tabasco va más allá del crecimiento comercial. Queremos ser un motor de desarrollo en cada comunidad donde operamos, generando oportunidades, bienestar y acceso a servicios que mejoren la calidad de vida de las familias.”
Translation: “Our commitment to Tabasco goes beyond commercial growth. We want to be a driving force for development in every community where we operate, generating opportunities, well-being, and access to services that improve the quality of life for families.”
Job Creation and Existing Presence in Tabasco
This investment is expected to create more than 470 permanent direct jobs in Tabasco. Walmart de México y Centroamérica currently operates 38 stores and clubs in Tabasco, providing over 3,900 direct jobs and having invested more than four billion pesos historically.
Key Questions and Answers
- What led to Walmart de México’s stock decline? The company failed to meet analysts’ expectations during the second quarter of 2023, causing investors to lose confidence and drive down its stock price.
- What is Walmart de México investing in Tabasco? The company plans to invest over 990 million pesos (approximately $53.4 million USD) in opening new stores, remodeling existing ones, and contributing to Tabasco’s development.
- How many jobs will this investment create in Tabasco? The investment is expected to generate more than 470 permanent direct jobs in the region.
- What is Walmart de México’s current presence in Tabasco? The company operates 38 stores and clubs in Tabasco, providing over 3,900 direct jobs and having invested more than four billion pesos historically.
