Although this is a massive sum of money by anyone’s reckoning, it is only equal to the mean annual sum put into its Brazilian operations by the multi-national over the last 5 years. It also reflects the rapidly-growing economy of Brazil which is providing Walmart with a turnover of $14bn – an increase of 13% on the previous year.
Walmart currently has 483 stores in Brazil. The 80 new shops will include wholesale outlets, discount stores and hypermarkets, as well as the associated logistics hubs, and serve to maintain Walmart’s status as Brazil’s biggest retailer behind Carrefour and CBD.
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