Wednesday, January 07, 2009

Wal-Mart De Mexico 2008 Sales Up 11% To Record MXN244.03 Billion

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"MEXICO CITY -(Dow Jones)- Retailer Wal-Mart de Mexico (WMMVY) said Wednesday its sales rose 11% last year to a record 244.03 billion pesos ($17.7 billion), although growth slowed toward the end of the year with a decline in December same-store sales.

Same-store sales fell 0.8% in the last month of the year from December 2007, affected in part by a negative calendar effect.

Walmex, as Mexico's biggest retailer is known, said same-store sales for the full year 2008 were up 4.6% from 2007."

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