Walmex capital spending up

New York -- Wal-Mart de Mexico expects to spend up to $1.4 billion on investments in 2013. But the chain declined to discuss how many stores it will open.



The chain did say that it expects to increase total store space by 8% to 9% in Mexico and 6% in Central America this year.



"We think that the number of stores does not communicate much," said CEO Scot Rank in response to a question by an analyst, Reuters reported.