| Type | Public (BMV: WALMEXV) |
|---|---|
| Industry | Retailing |
| Founded | (1958) as Aurrerá (1991) as Wal-Mart de México (Walmex) |
| Headquarters | Mexico City, Mexico |
| Key people | Jerónimo Arango, co-founder Scot Rank, CEO Eduardo Solórzano Morales, Chairman |
| Revenue | US$ 27.2 Billion (2010) |
| Net income | US$ 1.6 Billion (2010) |
| Employees | 166,000 |
| Parent | Wal-Mart |
| Website | www.walmartmexico.com |
Wal-Mart de Mexico (BMV: WALMEXV), is a Mexican public corporation, which is 31% owned by the American retail multinational corporation Wal-Mart Stores, Inc. It has been traded in the Mexican Stock Exchange since 1977 [1].
Wal-Mart operates over 1,410[1] retail outlets in Mexico including restaurants and supermarkets, under the names Walmart, Superama, Suburbia, VIPS, Sam's Club and Bodega Aurrerá. The company is now Mexico's largest private sector employer. It competes fiercely with Soriana, Comercial Mexicana, Chedraui, H-E-B, Casa Ley, and S-Mart.
Wal-Mart de México is the second biggest retail company in Latin America, only behind Brazilian Grupo Pão de Açúcar.
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In December 2009 it was announced that Wal-Mart de México bought 43% of Wal-Mart Centroamérica (Central America unit) from Wal-Mart Stores Inc and 40% from other share holders, paying over $1.4 billion pesos (aprox. $110 million USD) in cash and shares.
Wal-Mart Centroamérica operated 519 stores in Guatemala, El Salvador, Costa Rica, Honduras and Nicaragua.
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