Wal-Mart looks to nine Latin American countries for faster growing markets and expansion opportunities

As U.S. sales stall, the largest retailer plans expansion in promising markets

Wal-Mart Inc. intends to open an office to oversee operations in Mexico, Brazil and seven other Latin American countries, according to Eduardo Solorzano, president and CEO of the region.
Brazil, along with some Asian countries, has the attention of Wal-Mart as a fast-growing market in the midst of stalled U.S. sales.
“The size of opportunity in Latin America is huge,” Solorzano said.
Wal-Mart plans to spend $1.2 billion opening new stores in Brazil this year, Solorzano said.
International sales account for a quarter of the Bentonville, Arkansas-based company’s revenue.

Source: Business Week


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