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Walmart Sells Amigo Chain and Invests $57 Million in Puerto Rico; Iván Báez Shares

Walmart Sells Amigo Chain and Invests $57 Million in Puerto Rico; Iván Báez Shares



PUERTO RICO - The retail tides are changing here in the Northern Hemisphere. Walmart Puerto Rico has some ambitious plans in place to strengthen its foothold in the market, announcing an agreement to sell its chain of 11 Amigo Supermarkets while investing $57 million to revamp its 25 Walmart and Sam’s Club stores across the island.

Iván Báez, Director of Public and Government Affairs, Walmart“Walmart has been an important partner in the development of the Puerto Rican economy for more than 30 years, and we are now planning for the future with this multi-million-dollar investment,” said Iván Báez, Walmart’s Director of Public and Government Affairs. “The investments we introduce at our stores and clubs will improve our customers’ shopping experience so they can continue to save money and time, helping them to live better.”

According to News is my Business, Walmart is selling its Amigo chain to Pueblo Supermarkets, where it will continue to operate under the same name. Amigo employees will also have the chance to maintain their positions with the company.

Walmart Puerto Rico has announced plans to sell its chain of 11 Amigo Supermarkets while investing $57 million to revamp its 25 Walmart and Sam’s Club locations

“We are grateful to the 1,100 associates who have worked at the Amigo chain over all these years. Pueblo’s intention is to retain most of Amigo associates,” said Báez.

In addition to this sale, Walmart is investing $57 million in a store modernization strategy. New additions such as checkout stations, cash registers, and enhanced kitchen equipment will be arriving at over 12 locations in Puerto Rico.

For more information, be sure to check out News is my Business’ article linked above.

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