According to the Wall Street Journal, Wal-Mart now accounts for half of all retail sales in Mexico. Wal-Mart de Mexico reported net sales in 2005 of $164.3 billion pesos (or $15.4 billion U.S. dollars). The American retailer has expanded to several countries, and its success in Mexico has encouraged it to seek out other developing markets. As in the U.S., some are not happy with the effect its stores are having on smaller, local businesses and markets. But others point to job opportunities and say that its employees are paid well by local standards. Certainly familiar with debate in countries such as the U.S., Wal-Mart now finds itself as a major player in the Latin American retail market, with plans to continue its expansion.
Wall Street Journal: In Mexico, Wal-mart is Defying its Critics
Walmart.com: Mexico Fact Sheet
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