Walmart is seeking to revitalize its business in Mexico and Central America with a $1.5 billion investment in its business.
The investment would mark a 27% increase in regional spending, totaling about $27 billion from last year, with half of the funds earmarked for remodeling and upkeep of existing store locations. Meanwhile, 30% of the funds will be allocated to opening new stores and clubs and the rest will be used to modernize the company’s supply chain.
In addition to making fresh investments, the retailer plans to introduce a new healthcare membership, which will make its 1,500 pharmacies and 500 doctor’s offices more accessible to its shoppers across the region.
“For $30 pesos, our customers can have access to unlimited remote medical service 24/7, nutrition services, ambulance in case of emergency, discounts on specialists and… a 5% discount at our pharmacies and get a consultation at our doctor’s offices,” said Walmart Mexico’s Chief Growth Officer Beatriz Nuñez.
Nuñez noted that more than one million patients accessed healthcare services through Walmart last year.
“In 2023, we want to develop Health as a strong vertical, it is still in very early stages, but we know how relevant it is for our customers,” she added.
Mexico is Walmart’s second-largest market outside the United States.