Wednesday, October 14, 2009

"Wal-Mart Bodegas Lift Profit in Mexico: Week Ahead" by Emily Schmall

Photo and article courtesy: Bloomberg

"Oct. 5 (Bloomberg) -- Wal-Mart de Mexico SAB, Latin America’s largest retailer, is profiting from the worst recession since the 1930s by offering smaller, cheaper products to Mexicans at its Bodega Express shops.

Walmex, as the Mexico City-based retailer is known, will report this week a 12 percent increase in third- quarter net income to 3.66 billion pesos ($269 million), according to the average analyst estimate. A rise would mark the fourth straight quarterly advance in earnings."

Read the remainder of the article HERE.

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