Walmart Opens First Walmart-Branded Store In Nicaragua

Walmart opened its first Walmart-branded store in Nicaragua. Located in the country’s capital Managua, the store opened to hundreds of shoppers looking for savings on clothes, electronics, toys, appliances, groceries, and other products. Walmart invested $17 million in the modern store format with 5,890 square meters, creating 150 direct jobs and 1,575 indirect jobs. According to the retailer, a great majority of its offerings come from local small- and medium-sized suppliers.