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Wal-Mart (WMT) says its Walmex unit churned up sales of 32.16B pesos ($2.47B) in April - marking...

  • Wednesday, May 9, 2012, 6:43 AM ET
    Wal-Mart (WMT) says its Walmex unit churned up sales of 32.16B pesos ($2.47B) in April - marking a 10.8% Y/Y gain. Sales in Mexico rose at a double-digit clip, although analysts warn that the bribery scandal could temper the company's ambitious growth plans in the region.
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This news story has 2 comments:

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    Of course when you read the article the 10.8% is all new stores and currecy gains - same store sales were down. Talk about churning.
    9 May 2012, 08:46 AM Reply Like
  •  
    Reuters reports that "sales have been bolstered by purchases of illegal immigrants, Americans who are flooding into Mexico looking for work."
    9 May 2012, 09:15 AM Reply Like
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