U.S. retail sales could rise as much as 8.2% to more than $4.33 trillion this year as more people get the COVID-19 vaccine and the economy reopens, the National Retail Federation (NRF) said on Wednesday.
2 Min Read
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.
2 Min Read
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.
Walmart de Mexico, Mexico's largest retailer, said on Thursday that it plans to spend 22.2 billion pesos ($1.08 billion) on capital expenditure this year.
2 Min Read
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.