Walmex to consider options for its ops in Honduras, El Salvador and Nicaragua

Walmart may be reducing its footprint in certain countries in Central America.

Walmart de México y Centroamerica said that, as approved by its board of directors, it 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 alternatives could include, among others, possible joint ventures, strategic partnerships or alliances. It could also include a sale or other possible transactions.

“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,” said Guilherme Loureiro, executive president and CEO of Walmart de México y Centroamérica (Walmex). “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.”

The company noted that all operations of Walmart de México y Centroamérica will continue with total normality through this process. It also gives no assurance that the process will result in a transaction. 

Walmart de México y Centroamérica operates 3,569 stores and clubs in the region and 31 distribution centers. It has a presence in 690 cities in six countries and more than 230,600 associates.

In Mexico, it is close to more than five million customers who daily make purchases at Bodega Aurrera, Walmart Express, Walmart Supercenter and Sam's Club, as well as sales online.