Walmart in Mexico targets low prices despite steep inflation, profit jumps - NewsBreak
By Alexdemarco in Business
Updated 3 years ago
MEXICO CITY, Oct 21 (Reuters) - Walmart's (WMT.N) Mexico unit on Thursday said it focused on its low-price strategy as inflation rose in the third quarter, helping the retailer's net profit rise more than 20%. Walmart de Mexico (WALMEX.MX), the biggest retailer in Mexico, posted net profit of 11 billion...