Saturday, 11 January 2020
Walmart creates big expansion in Mexico in 2019
Walmart has a lot of international locations all over the world. As of October 31, 2019, Walmart's international operations comprised 6,080 stores and 800,000 workers in 26 countries outside the USA. It is interesting that there are wholly owned operations in Argentina, Brazil, Canada, and the UK. Walmart has 2.2 million employees worldwide. The fascinating company is the largest private employer in the U.S. and Mexico.
Walmart created a large expansion in Mexico in 2019. Walmart opened 134 stores in Mexico in 2019. This means that it was the biggest expansion in 6 years. This happens to be Walmart's biggest expansion in Mexico since 2013. Walmart now successfully runs 3,407 stores in Mexico. Walmart has more locations in Mexico than in any other country outside the USA. Most of the new stores belong to the Bodega Aurrera family of stores. This includes the small, no-frills Bodega Express that is cheaper and quicker to build than Walmart’s bigger stores.
It is interesting that the Bodega chain offers cheaper goods in agreement with Walmart’s "Everyday Low Prices" strategy. This way, Walmart competes with other marketplaces and wins satisfaction of low-income shoppers.
Here are some interesting Spanish/English translations:
la bodega - cellar, wine cellar, warehouse, grocery store, grocery, vault
el bodegón - still life, taproom, grocery store, cantina
bodeguero - grocer
cellar - bodega, sótano, cueva
wine cellar - bodega
warehouse - almacén, depósito, bodega, lonja
still life - bodegón, naturaleza muerta
taproom - bodegón, taberna
Walmart made a record for new stores in 2011. That is when it opened 365 locations in Mexico. In 2013, Walmart opened 214 stores in Mexico.
Walmart Inc. is a successful American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. It is headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. The stock of Walmart is: WMT (NYSE).
The (NYSE:WMT) Walmart stock has been growing well over the years.
In 2019, Walmart earned $514.40 billion in revenue, of which $6.67 billion was profit.
Here are some of Walmart's subsidiaries:
Here are some of the assets owned by Walmart in USA:
Walmart Discount Store
Walmart Neighborhood Market
Walmart.com (online retailer)
Walmart Portrait Studios
Walmart Vision Centers