Walmart Announces Huge Investment In Mexican Ecommerce

Walmart has announced a huge investment in Mexican ecommerce. The retailer has said that it will pour 1.3 billion US dollars into the country's market in order to improve the logistics of Wal-Mart de Mexico. Around 10,000 extra jobs are expected to be created by the investment, in a country which is expected to see its ecommerce market grow by 107% from 2015 to 2018. A spokesperson from the company said that the investment will be completed “in the next three years”, and that the expansion will see distributions centres built “farther from our existing [ones]”. The company itself has seen its Mexican business grow 20% in Q3 of 2016, whilst its ecommerce sales grew 16% in the same period, emphasising the growth of online sales. Mexico remains the second largest ecommerce market in Latin America behind Brazil.