5th
Mar
2010

Walmex Posts Improving Sales

Posted by admin

Walmart is a company that thrives even, or especially, in recessions. This is because their prices are the rock-bottom of the market, but they turn a profit from sheer volume. A recession drives more and more people to the store with the lowest prices. This is true even in Mexico, apparently.

The company, known as Walmex, reported a 1.5 percent increase in same-store sales — or those recorded at outlets open for at least 12 months — in February 2009.

Walmex said 5.4 percent more people visited its supermarkets, clothing stores and restaurants last month than in February 2009. But the average amount spent on every visit declined by 0.8 percent, reflecting a still tight economy.