Wal-Mart set to open 300 more mega stores in Latin America

Last week I posted an interesting interactive flowchart that showed the growth of Wal-Mart since its founding in 1962. That explosion of growth to over 3000 stores changed the way the U.S. consumer bought goods and it set the stage for China to hold such a large amount of our collective debts. Now they are preparing to do the same throughout Latin America. I am not against Wal-Mart and find the story of a small town merchant building a mega business fascinating and inspiring. What I don't like is the government regulations that have led to our loss in manufacturing and self sufficiency as a country to where we are now in severe debt (slavery) to a communist regime.

MEXICO CITY, June. 16.-  Wal-Mart de Mexico (BMV: WALMEX) has found 300 new cities in Mexico and Central America (CA) to open stores and where it currently has no presence, said today Scot Rank, president and chief executive of the company to participate William Blair at the conference "30th Annual Growth Stock Conference" in the City of Chicago (U.S.).

  Currently, the trade group has presence in 348 cities, including the two markets where it operates a total of 2.041 stores and 24 distribution centers.  According to the presentation made today by the Executive, between 2000 and 2025 will add 33 million new consumers in Mexico and Central America.

  He estimated the value of retail market in Mexico is 197.000 million dollars (md) and 44,000 md in Central America.  Rank confirmed the plans of the company's growth this year, considering an expansion of 11% on the sales floor in Mexico and Central America 3.5%.

  On the other hand, revealed that in terms of systems integration of operations in Central America has progressed albeit a bit slow.  He added that in Mexico have been seeing signs of improvement in sales of discretionary items (not food) because the economy is recovering from recession, in addition to television sales has been driven by the World Cup in South Africa.

  In May same-store sales (VMT) from operations WALMEX in Mexico grew 5.4%, exceeding the performance shown by the self-services sector that did ANTAD 3.9%.  As revealed by Scot Rank in June has had an encouraging start.

  During the conference, the manager pointed out the strengths of the company including; a strong balance sheet, zero debt cost and investment discipline.  On the operational side, its low price strategy, being a low cost operator and multi-strategy.

WALMEX is a company in the sector, whose shares traded on the NYSE since 1977. 2.041 To date operating business units, including its business in Mexico and Central America.  In the first case handled Bodega Aurrera, Walmart, Sam's Club, Superama, Suburbia, and restaurants, including franchises.  In Central America Discount Stores, Supermarkets, Warehouses, Supermarkets and clubs.