Honduras news

23 April 2014
Walmart-owned Walmex has announced first quarter results saying that net sales rose 2.1% to MXN101.4 billion (US$7.8 billion), with sales driven by growth at the retailer’s small stores. However, the retailer noted that its overall performance was held back by slower than expected economic growth in Mexico and its Sam’s Club warehouse stores. Mexico: Small stores and expansion offset contracting...
25 February 2014
Walmart Mexico (Walmex) is investing $15.0bn pesos (c.USD1,125m) in developing new stores and to enhance its ecommerce capabilities in Mexico and Central America. Growth less dependent on new space This investment comes after a challenging year for the retailer. Although total revenues improved by 3.2% year-on-year, net income fell by 2.4%. In particular it saw a challenging performance with...
20 February 2014
Walmart's full year results, for the year to January 31, 2014, revealed consolidated net sales grew by 1.6% to $473.1bn. Consolidated net income attributable to Walmart fell by 5.7% to $16.0bn. The results in summary Given that Walmart had issued a trading update at the end of January there were no real surprises in these results, beyond the rapid expansion announced in small ...
25 February 2013
Walmart de Mexico is to invest around $1.4bn in 2013 in expanding its operations in Mexico and Central America. Store growth across existing and new cities Although Walmart de Mexico did not reveal how many stores would open as a result of this investment, total space growth will be between 7.8% and 8.7%. In Mexico , space growth is forecast to be between 8% and 9%, and around 6% in Centr...