Walmart de México, known as Walmex, is “considering strategic alternatives regarding its operations in Honduras, El Salvador and Nicaragua as it focuses efforts and capital on its core businesses and geographies,” the retailer said in a statement Jan. 24. The options include joint ventures, strategic partnerships, a sale or other transactions. However, the company did not promise its exploration will result in a transaction.The move was approved by the company’s board of directors.
Walmex operates 3,569 stores and clubs in the region, and 31 distribution centers, with a presence in 690 cities in six countries and more than 230,600 associates. Across its Bodega Aurrera, Walmart Express, Walmart Supercenter and Sam's Club brands in Mexico, as well as online and on mobile devices, more than five million customers make daily purchases.
“All of our operations in Central America are strong businesses with a differentiated customer value proposition, world-class and well-invested infrastructure, a significant growth runway and strong fundamentals,” Guilherme Loureiro, executive president and CEO of Walmart de México y Centroamérica, said in a statement. “As we seek to prioritize our resources and accelerate our ecosystem in Mexico, Costa Rica and Guatemala, we believe there may be attractive opportunities for further growth in Honduras, El Salvador and Nicaragua that could be better captured under a different structure.”
Walmex will inform its shareholders and the public of any decisions, the company stated. The retailer also noted it will continue normal operations during this process and continue to comply with all its obligations with customers, associates, suppliers and all its stakeholders.