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Walmart’s Mexico unit considering “strategic alternatives” in Central America -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Two men walk by the Walmart logo in front of a Monterrey location on Tuesday, February 12, 2018, Mexico. REUTERS/Daniel Becerril/File Photo

MEXICO CITY – Walmart (NYSE 🙂 said Monday that its Mexico division is now considering strategic alternatives to Central America’s operations. This could include a sale of joint venture or a merger.

Walmart de Mexico (also known locally as Walmex) has about 860 Central America stores. This makes up almost one-fourth of their footprint.

The company stated in a statement that it believes there are attractive growth opportunities in El Salvador, Honduras, and Nicaragua.

These options could include potential joint ventures and partnerships, strategic alliances, sales or any other transaction.

The retailer had to close its Central American supermarkets due to severe pandemic lockdowns. However, sales in each country saw an increase in same store sales in the third quarter of last year, with the exception of Honduras.

Walmex Central America has discount shops, supermarkets and hypermarkets. It also owns warehouse stores.

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