Walmex
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| Type | Discount department store/Public |
|---|---|
| Founded | 1958 as Aurrerá 1991 as Wal-Mart de México (Walmex) |
| Headquarters |  Mexico City, Mexico |
| Key people | Jerónimo Arango, co-founder Eduardo Solorzano Morales, CEO Ernesto Vega Velasco, Chairman |
| Industry | Retail |
| Products | Discount stores, grocery stores, and hypermarkets, Optical, Pharmacy, Portrait Studio |
| Revenue | ▲$20.6 billion USD (2007) |
| Employees | 149,440 |
| Parent | Wal-Mart |
| Website | www.walmartmexico.com |
Wal-Mart de Mexico, is a Mexican blue-chip company, which is 31% owned by the American retail giant Wal-Mart Stores, Inc. It has been traded at the Mexican Stock Exchange since 1977 [1] and is Mexico's eighth largest discount retail store.
Wal-Mart operates over 1,000 retail outlets in Mexico including restaurants and supermarkets, under the names Walmart, Superama, Suburbia, VIPS, Sam's Club and Bodega Aurrerá. The company is now Mexico's largest private sector employer. It competes fiercely with Soriana, Comercial Mexicana, Casa Ley, Chedraui and H-E-B.
[edit] Wal-Mart in Teotihuacán
In 2004, Wal-Mart faced opposition by local and environmental groups opposed to the installation of a Wal-Mart-owned Bodega Aurrerá store located near the archeological site of Teotihuacán. In spite of negative sentiments by these groups and the media, the National Institute of Anthropology and History (INAH) dismissed concerns that construction of the store would destroy archeological treasures. The federal government also endorsed the project which is located a mile away from the pyramids. The store opened its doors at the end of the year.
[edit] External links
- Wal Mart de México corporate website
- Wal-Mart quits Mexican trade group, article at the Memphis Business Journal.
- Wal-Mart subsidiary receives final approval to construct controversial store near historic Teotihuacán pyramids, article at The University of New Mexico.
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