My team ended 2015 in a big way. After months of hard work, we opened the first Walmart store in Nicaragua, offering our everyday low prices on a wide assortment of 40,000 products – a very significant value proposition for the Nicaraguan market. We know this to be true because people are welcoming us with open arms.
The day we opened, literally hundreds of enthusiastic people attended the grand opening of our supercenter in Managua, ready to save money on everything from clothes, electronics and paint to toys, appliances and groceries. Watching the excitement and knowing that this store is making a difference for these people reminded me once again of our mission to help people live better by simply paying less for the things they need.
This is a $17 million investment in a modern, comfortable store of 5,890 square meters (over 63,000 square feet) that created 150 direct jobs (the associates that will work in the supercenter) and 1,575 estimated indirect jobs (jobs as a result of the supercenter such as cleaning crews and suppliers). And, because we strongly encourage the growth of local businesses, a great majority of our assortment comes from small and medium-sized Nicaraguan suppliers.
Walmart operates 87 stores in Nicaragua under other formats like Palí (discount), Maxi Palí (warehouse) and La Union (supermarket), but this is the first Walmart-branded location. We are now offering the distinctive standard of service, price and assortment through our iconic Walmart supercenter. And the excitement we’ve seen is definitely our major reward.