Wal-Mart Gets Cautious With Mexican Expansion Amid Weak Market Conditions

This year, Walmex is planning to invest a smaller amount as compared to last year for store and web expansion. The company is looking to increase its overall floor area by just 1.7 million square feet this year, while it added over 2.8 million square feet to its retail space in 2014. Although it appears that these plans have been formulated keeping the market weakness in mind, they are somewhat in contrast with Wal-Mart's long term goal for Mexico.