Tuesday 22 June 2021

Walmar To Invest In New Store Expansion in Costa Rica

The giant retailer WalMart is about to get even bigger in Costa Rica. The company announced Friday that it would spend US$40.2 million more in six new Maxi Pali grocery stores during 2013.

walmart-50-anniversary-logoThe new outlets will be located in Alajuela, Orotina, San Rafael Abajo, Mercedes Norte, Siquirres and Esparza.

Corporate affairs manager Yolanda Fernanez told La Nacion that “with the openings, more workers will be added to the 12,000 already associated with” the giant multinational.

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The new outlet in Esparza opened Thursday. This month, WalMart also opened a new US$70 million distribution center to serve its ever larger fleet of stores.

Comment: This repoorter cannot resist, with a chuckle. remembering the genious reporter in The Wall Street Journal who predicted that WalMart had reached its peak and had run out of profitable places to build new stores.

This article appeared about 20 years ago and the stock of the company fell a long, long way down on Wall St. Lesson for stock brokers: Don’t believe everything you read, even in the Journal…

Source: iNews.co.cr

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FACT CHECK:
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"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

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