Home / Knowledge / News / Wal-Mart plans to invest $1bn on store expansion
Wal-Mart plans to invest $1bn on store expansion
Aug '08
During a meeting held in Brasilia with president Luiz Inácio Lula da Silva, Wal-Mart Brazil's President and CEO, Héctor Núñez, announced the company's expansion plan for 2009.

The retailer will make its largest investment yet in the country since it started operating in Brazil fourteen years ago. Wal-Mart Brazil plans to invest between R$ 1.6 and R$ 1.8 billion and open around 80 to 90 new stores of all the nine brands and different formats it operates in the country today.

In the company of Wal-Mart's President and CEO for the Americas, Craig Herkert, and the Vice Chairman and International President and CEO, Michael Duke, Núnez announced that the company would create over 9 thousand jobs in 2009 with the opening of the new stores.

Wal-Mart Brazil operates today in the Northeast, Central West, South and Southeast regions of Brazil with nine different brands. They are as follows: hypermarkests BIG, Wal-Mart and Hiper Bompreço, the supermarkets Nacional, Mercadorama, Bompreço and Todo Dia (soft discount) and the wholesalers Maxxi (cash and carry) and Sam's Club.

During the last four years the company invested over R$ 3 billion in Brazil. In 2008 alone, R$ 1.2 billion is being invested to build 36 new stores and generate over 7 thousand new job posts and 27 thousand indirect positions. "Wal-Mart believes in Brazil and is confirming this investing more and more in this country," says Núnez. "We are investing not only in new stores, but also expanding our support to regional suppliers, exporting more Brazilian products, generating more jobs and working with projects to preserve the Environment".

Wal-Mart Brazil is a retail company that started operating in Brazil in 1995. The company has 318 stores and is present in 17 states, plus the Federal District. The company has over 70 thousand employees.


Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search