Wal-Mart Cuts Back on New Stores in Mexico

Wal-Mart Stores Inc. (WMT)’s Mexico subsidiary will open between 325 and 335 locations in Mexico and Central America this year, down 23 percent from its previous estimate of as many as 436, according to a statement to the Mexican stock exchange yesterday. The new steps required to open a store set back development plans by 60 days to 90 days, Wal-Mart de Mexico said.

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