Walmart returns to Reynosa a decade after fire shut its only store

Walmart is returning to Reynosa, Mexico with an $80.25 million investment and a plan to open two new shopping centers more than a decade after a fire destroyed its only store in the border city

The retail giant announced one of its locations will feature both a Walmart Supercenter and a Sam’s Club. City officials hailed the announcement as a milestone for Reynosa’s economy and a sign that international retailers are once again betting on the city. 

“This means more jobs, more opportunities and a development that people can feel close to home,” Reynosa Mayor Carlos Peña Ortiz said in a news release. “Congratulations to the people of Reynosa and to Walmart.”

The investment represents nearly one-third of Walmart’s national capital budget this year and 70% of its total outlay in Tamaulipas.