New stores, remodeling and a distribution center are what Walmart plans to develop in the next two years in the country, with an estimated investment of US$200 million.
María Marta Rodríguez, coordinator of Corporate Affairs at Walmart, explained to Elnuevodiario.com.ni that they plan to open four new stores this year requiring an investment of US$106 million, and in 2018 another US$100 million is planned to be invested.
Regarding purchases made locally, the company representative added that “… by 2022 Walmart plans to purchase more than US $282 million from Nicaraguan producers of fruits, vegetables, grains, seafood and meats for local sale. “That figure is slightly more than double what Walmart bought last year, when it purchased more than $127.5 million in agricultural products.”
Walmart opened in Decemebr 2015 is first of its kind in Nicaragua, located in Carretera Sur in the capital Managua. It’s also the largest retail store in the city and is located in a safe location and has security
In addition to the big-box store, the company also operates three formats of supermarkets: Pali, Maxi Pali and La Union.