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FILE PHOTO: Men walk past the logo of Walmart outside a store in Monterrey, Mexico February 12, 2018. REUTERS/Daniel Becerril/File Photo
MEXICO CITY (Reuters) - Walmart’s Mexico unit will ramp up logistics spending this year as a part of a 22.2 billion peso ($1.09 billion) plan aimed at further boosting online sales, which soared in 2020, the retailer said on Thursday.
Walmart de Mexico said it will put a quarter of its capex into logistics, compared to just 14% devoted to the segment in 2020, and invest even more heavily in the area over the next five years while pulling back on spending for brick-and-mortar supermarkets. The move mirrors its parent company’s investments in online sales.