MEXICO – Wal-Mart of Mexico, S.A.B. de C.V. (WALMEX) reported that it will invest in 2014 an estimated $ 15,000 million Mexican pesos (approx. USD 1,137 million) to increase its sales floor and modernize operations.

The estimated investment on new stores is $ 8,400 million Mexican pesos, to add 344 thousand square meters of sales area in the region. In Mexico, the sales floor is to be increased 5.0%, while in Central America an increase of 7.6% is estimated, for a combined total of 5.2%.

To modernize operations, an investment of $ 6,600 million Mexican pesos will be distributed as follows: $ 3,500 million Mexican pesos for remodeling and maintenance; Logistics $ 1,200 million Mexican pesos and technology and eCommerce an investment of $ 1,900 million Mexican pesos.