November sales at Wal-Mart Stores' Mexico and Central American arms rose by 21.2% to 34.97B pesos in comparison to the same time last year; sales at Wal-Mart's Mexican arm rose by 21.7%
December 7, 2011
– November sales at Wal-Mart Stores Inc.’s Mexico and Central American arms rose by 21.2% to 34.97 billion pesos (US$2.6 billion) in comparison to the same time last year, NASDAQ reported on Dec. 7.
November sales at Walmex, Wal-Mart’s Mexican arm, were 21.7% higher than they had been during the same period last year, and same-store sales at stores that had been open for at least a year increased by 12.6%
Wal-Mart’s November sales in Central American arm rose by 4.9% in comparison to the same time last year, although same-store sales at stores that had been open for at least a year were 0.3% lower on a constant currency basis.
Walmex reported that, during November, its average ticket increased by 9.3% while the number of transactions at its stores went up by 3% in comparison to the same time next year.
Year to date, comparable and total sales in Mexico increased by 3.7% and 11.6%, respectively.
Mexican retailers were aided by a government-promoted Black Friday-type campaign called “the Good Weekend” from Nov. 18-21.
While Walmex reported that it did well over “the Good Weekend,” it said that it would hold off on evaluating its overall sales performance over the holiday season until the end of December.
In November, Walmex accelerated its Mexican and Central American expansion plans, opening 92 stores in Mexico and 20 in Central America. This brings the total number of Walmex stores in Mexico and Central American to 2,036 and 610, respectively.
The primary source of this article is NASDAQ, New York, New York, on Dec. 7, 2011.