Walmart and Target to open new stores in Mexico
Walmart and the two big-box retailers that operate in Mexico are about to open a new retail hub in the state of Guerrero, sources told ESPN.
The new Walmart and a Walmart subsidiary, Walmart Mexican, will open in the city of Guadalajara in a joint venture between Walmart and Mexican chain Chipotle, the sources said.
They said the two will offer an expanded range of grocery, convenience and household goods.
Walmart is also set to open another store in Mexico City, Mexico’s largest city, this summer.
The Mexican-American media outlet El Universal first reported the news.
The move comes as the Mexican government has pushed for the country to be a hub for the U.S. economy.
Last month, the Mexican Ministry of Industry and Trade announced that Mexico would be the first country in the world to become a hub of commerce for the United States.
The announcement comes as President Donald Trump has promised to bring jobs to the U, even as Mexico has struggled to lure more manufacturing and service jobs back to the country.
Trump has said Mexico’s trade deficit with the U is worth $25 billion, but he has not provided specifics about what that figure would be or what measures he would take to bring manufacturing back to Mexico.
In an interview with Fox Business Network last week, Trump said the U-S.
has to build a new economy.
He said he wanted to open the door for Mexico to get into manufacturing and services.
Trump also told the network that Mexico should be allowed to import as much as it wants into the U., but that it should be able to keep the border closed.