Content about Mexico City

December 18, 2012

Walmart’s ongoing investigation into bribery allegations was thrust into the spotlight again on Monday after the New York Times ran a lengthy piece detailing how an elaborate series of payments accelerated construction of a controversial store in Mexico City.

Walmart’s ongoing investigation into bribery allegations was thrust into the spotlight again on Monday after the New York Times ran a lengthy piece detailing how an elaborate series of payments accelerated construction of a controversial store in Mexico City.

November 12, 2012

Home Depot opens 100th location in Mexico

Home Depot has opened its 100th location in Mexico, according to an article in El Financiero. The Atlanta-based retailer now operates 95 stores in 60 cities in Mexico, where it generates annual revenues of $1 billion, the newspaper said.

In the final quarter of 2012, Home Depot will open stores in the towns of Coahuila, Sonora, Veracruz, Michoacán and Nuevo León.

February 22, 2011

Wal-Mart de Mexico Q4 profit increases 14%

Wal-Mart de Mexico SA reported that profit for the fourth quarter increased 14%, citing newly acquired stores in Central America for the improved performance.

Mexico City -- Wal-Mart de Mexico SA reported that profit for the fourth quarter increased 14%, citing newly acquired stores in Central America for the improved performance.

The Mexican unit of Wal-Mart Stores said that net income rose to $539 million in the fourth quarter, up from $474 million in the year-ago period.

Revenue rose 25% to $8.3 billion.

Walmex recently acquired stores in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica.