Spotlight on...Wal-Mart hit by Mexican shock-waves
By Katy Askew | 26 April 2012
Shares in Wal-Mart de Mexico y Centroamerica plummeted this week as allegations the company bribed officials to speed up store openings prompted many shareholders to offload the stock at a rate of knots. Meanwhile, concern that US regulators will pursue action against parent company Wal-Mart Stores for violations of the Foreign Corrupt Practices Act could have some far-reaching consequences for the world's largest retailer. Katy Askew reports.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
US: Wal-Mart plans to reduce capital expenditure
Wal-Mart Stores said it intends to reduce its capital expenditure in fiscal 2014, but emphasised it will add roughly the same amount of retail space as this year.
CHINA: Apparel brands to reduce pollution in supply chain
Leading apparel brands including Gap, Adidas and H&M Hennes & Mauritz are looking at ways to reduce pollution within their supply chains following accusations that they were purchasing clothing from suppliers who illegally discharge polluted water in China.
US: Strong sales lift Family Dollar Q4 and FY profit
Stronger sales and lower markdowns has helped US discount retailer Family Dollar to today (3 October) book a rise in fourth quarter and full-year net profit.
Market research related to this article
Wal-Mart Brazil: Consumer Profile
Wal-Mart Brazil: Consumer Profile is the result of Canadean’s extensive online consumer survey Wal-Mart in Brazil, presenting uniquely detailed data on Wal-Mart’s end-consumers. It provides retailer profiles for both Main and Occasional consumers (de...