Walmart announced Friday the sale of 11 Amigo stores located in Bayamón, Toa Baja, Caguas, Luquillo, Río Piedras, Juncos, Guaynabo, Guayama, Fajardo and San Lorenzo.
The establishments will be in the hands of the Pueblo chain of stores. The 11 stores will continue to operate under the Amigo brand and employees will have the opportunity to keep their jobs.
It was reported that the change responds to a $57 million investment plan to modernize Walmart and Sam’s Club stores on the island.
“Walmart has been an important partner in growing the Puerto Rican economy for more than 30 years, and we are now planning for the future with this multi-million dollar investment,” said Evan Baez, Walmart’s director of public and government affairs. In a press release.
“The investment we will make in our stores and clubs will improve the shopping experience of our customers so they can continue to save money and time, and help them live better,” he added.
Improvements will include new checkout stations and cash registers, convenience store pick-up facilities, advanced kitchen equipment, and refrigeration and air conditioning systems.
“We thank the 1,100 colleagues who have worked on the Amigo chain over all these years. Bayes said the intent of the Pueblo is to retain the vast majority of Amigo Partners.
Walmart Puerto Rico operates 18 stores under the Supercenter and Division 1 formats, seven Sam’s Clubs, and a distribution center. The company employs more than 13,000 employees on the island and has supported more than 600 local suppliers with purchases worth $1.7 billion through 2021.