Saturday, 18 Aug 2018
Business

Walmart buys 52 stores in Costa Rica

Walmart of Mexico and Central America He went shopping in Costa Rica. This Thursday, the firm announced the acquisition of stores Perimercados, Supercompro and Saretto , with it will grow 52 units in that country.

“The 52 acquired stores have excellent locations and complement our current presence, and we are excited to accelerate our growth plans in the region, as as a company we are committed to bringing more low-cost products to more families in Costa Rica,” said Cristian Barrientos, senior vice president and general manager of Walmart Centroamérica, in a statement sent to the BMV.

These stores that Walmart acquires will add 39 thousand square meters of floor space for sale, in the formats Perimercados, Supercompro and Saretto.

During the first six months of the current year, Walmart reported in Costa Rica the opening of a supermarket in Alajuela, and a winery in San José .

Walmart has in Costa Rica 249 commercial units in operation; when adding the 52 stores of GESSA, the retailer would add 301 stores, becoming its country of the region with greater presence.

The number of stores acquired is similar to the total number of stores that opened last year in the region, which includes Nicaragua, Honduras, El Salvador, Guatemala and Costa Rica.

At the end of 2017, the retailer reported that Central America grew 4.9 percent in comparable sales.

In the first quarter report, it was reported that to comparable stores Central America’s sales were up 7.1 percent, where the highest sales growth was Nicaragua, followed by Honduras and El Salvador, which also showed strong growth. While Costa Rica and Guatemala had a slightly lower growth, but also positive.

During the first six months of the current year, Walmart reported in Costa Rica the opening of a supermarket in Alajuela, and a winery in San José.

The company did not disclose the amount of the transaction and pointed out that the closing of the transaction is subject to the approval of the competent authorities.

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