Walmart de Mexico , Mexico's biggest retailer, reported on Thursday its slo...
), Mexico’s biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme.
Walmex’s Bodega family of warehouse-style supermarkets comprise nearly 80% of the retailer’s stores in Mexico, the largest foreign market by store count for Walmart Inc. He said the company was working to lower prices in response, without specifying how deeply sales were hit at Bodega.
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