Walmart last year launched its biggest expansion in Mexico since 2013, opening 134 new stores in its top foreign market and boosting its presence by nearly 5%, the retailer said Wednesday.
Walmart now runs 3,407 stores in Mexico, where it has more locations than in any other country outside the United States, its Mexican unit, Walmart de Mexico (WALMEX.MX), said in a monthly report.
Nearly all the new units belong to the Bodega Aurrera family of stores, including the small, no-frills Bodega Express that is cheaper and quicker to build than Walmart’s bigger formats.
The emphasis . . .