Walmart last year launched its biggest expansion in Mexico since 2013, opening 1...
MEXICO CITY - Walmart last year launched its biggest expansion in Mexico since 2013, opening 134 new stores in its top foreign market and boosting its presence by nearly 5%, the retailer said Wednesday.
Walmart now runs 3,407 stores in Mexico, where it has more locations than in any other country outside the United States, its Mexican unit, Walmart de Mexico , said in a monthly report. The emphasis on the Bodega chain, which offers cheaper goods in line with Walmart’s “Everyday Low Prices” strategy, is also part of the retailer’s push to compete with informal marketplaces and win over low-income shoppers.
Although analysts expect Walmart to maintain its pace of growth as it seeks to generate a higher percentage of sales from new stores, Mendoza noted expansion can create headaches for a company that is already Mexico’s biggest retailer.
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