Mexican retailer Wal-Mart de Mexico (Walmex) has said its November same-store sales slid 0.6% in real terms compared with the year-ago period.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Walmex reported total sales for November of 11.97bn pesos (US$1.05bn), up 6.5% from November 2003, reported Reuters.
Analysts pointed to the negative calendar effect that meant November 2004 had one less weekend than November 2003.
Walmex, which is majority owned by US retail giant Wal-Mart, operates 690 stores and restaurants in Mexico and opened 19 new outlets in November and the first part of December.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
