Walmex

Infobox_Company
company_name = Wal-Mart de México S.A.B. de C.V.
company_
company_type = Discount department store/Public
company_slogan = Precios Bajos Siempre ("Low Prices Always")
foundation = 1958 as "Aurrerá"
1991 as "Wal-Mart de México (Walmex)"
location = flagicon|MEX Mexico City, Mexico
key_people = Jerónimo Arango, co-founder
Eduardo Solorzano Morales, CEO
Ernesto Vega Velasco, Chairman
industry = Retail
num_employees = 149,440
products = Discount stores, grocery stores, and hypermarkets, Optical, Pharmacy, Portrait Studio
revenue = profit$20,6 billion USD (2007)
net_income =
parent = flagicon|US Wal-Mart
homepage = [http://www.walmartmexico.com/ www.walmartmexico.com] Wal-Mart de Mexico, is a Latin American blue-chip company, a majority of which is owned by the American retail giant Wal-Mart Stores, Inc. It has been traded at the Mexican Stock Exchange since 1977 [http://www.milenio.com/index.php/2007/01/09/30158/] .

Wal-Mart operates over 1,000 retail outlets in Mexico including restaurants and supermarkets, under the names Wal-Mart Supercenter, 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.

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.

External links

* [http://www.walmartmexico.com.mx/ Wal Mart de México corporate website]
* [http://memphis.bizjournals.com/memphis/stories/2002/10/14/daily21.html "Wal-Mart quits Mexican trade group"] , article at the Memphis Business Journal.
* [http://retanet.unm.edu/LADB-articles/25788.html Wal-Mart subsidiary receives final approval to construct controversial store near historic Teotihuacán pyramids] , article at The University of New Mexico.