Wal-Mart de Mexico to Open 445 Stores in 2011

Wal-Mart de Mexico SAB (Walmex) plans to increase investment by 45 percent in 2011 as it expands its business in Mexico and Central America, Bloomberg reported. Capital expenditures will increase to 18.97 billion pesos ($1.56 billion) this year, CEO Scot Rank said in remarks broadcast on the company’s website. Wal-Mart de Mexico, which now operates more than 2,000 retail stores and restaurants, plans to open 445 stores in 2011.