Walmart plans to spend almost $1.5B on its operations in Mexico and South America in 2023.
Fourteen percent of the investment will go toward improving the technology and digital store experience of Walmex, Walmart's Mexican and Central American business unit.
- 45% of the investment will target omnichannel capabilities, sustainability, and store remodeling.
- Another 29% of the spending will be dedicated to opening new stores and clubs.
- 14% of the investment will go toward technology upgrades, including improved e-commerce and analytics capabilities.
- Walmex recently gained approval from Mexican authorities to proceed with its planned acquisition of a Mexican electronic payments provider.
