Wal-Mart Opens 22 More Stores in Costa Rica

In 2011, Wal-Mart has already opened 2 new stores in Costa Rica.

Wal-mart of Mexico and Central America announced that it will open 24 new stores in Costa Rica this year. The expansion will create 839 new jobs for Costa Ricans.

The vice president and general director of the Mexico and Central America branch of Wal-Mart, Alberto Ebrard, announced the company plans a $160.5 million investment in Costa Rica. Wal-Mart is the parent company of several existing Costa Rican grocery chains such as Hipermás, Maxi Bodega, Max x Menos and Palí. Only recently did the supermarket giant choose to put its name on the facade of national supermarkets.

“To bring the Wal-Mart name here is a show of confidence that we are planning on bringing consumers the type of quality service and offerings that characterize Wal-Mart,” said Yolanda Fernández, the manager of corporate affairs for Wal-Mart Mexico and Central America. "We want them to know that there is always something better”.

Wal-Mart plans to invest an estimated $378 million in Central America in 2011, the largest investment in the history of Wal-Mart in Central America. In Costa Rica, Wal-Mart has already opened two new Central Valley San Jose locations in 2011, Palí Cristo Rey and Palí San Rafael de Montes de Oca.

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