Walmart Brazil to Invest R$ 1.2 Billion in 2011, With 80 New Stores and the Generation of 7,000 Jobs

Posted on May 4, 2011 • Filed under: Brazil, Business

The president and CEO of Walmart International, Doug McMillon, announced today, during his visit to Brazil, the company’s investment plans for 2011. There will be 80 new stores which will open with an investment of R$ 1.2 billion over the year. “Brazil is an extremely strategic market for Walmart. With the economic stability of the recent years, we see an excellent growth potential here and we will continue to invest in expansion” said McMillon. Over the past five years, Walmart has already invested R$ 6 billion in the country, with the construction of 177 stores and about 25,000 jobs created. Read Article

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