Wal-Mart Message Board - Msg: 1688238

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Non-Tech : Wal-Mart

WMT 103.22

+0.7%

11:58 AM EST

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To: Leo Francis who wrote (34)	7/1/1997 1:59:00 PM
From: Jack L. Dlugach	of 1166

All reports from Brazil and Argentina are that the SuperCenters have been so busy that the parking lots have a 2 hour wait to get in. Wal-Mart, as you noted, has already grabbed a big chunk of Canadian sales and, from what I've heard, Mexico is far from a disaster--there were some initial mistakes that were immediately corrected and the company is doing fine with the Cifra business-- although that's a Mexican company that's considered to be one of the best run in that country, Wal-Mart's marketing expertise has made it into a much bigger success than it already was. From the BW and other stories, it appears the other overseas ventures have learned from past mistakes and are now doing fine. That "small profit" you mentioned is actually quite a big success in itself-- the fact that they're profitable so soon is a good sign. Further estimates are that WMT will be doing 40% of its business overseas in the next few years. Also, Wal-Mart is still building a lot of SuperCenters in major metro areas where it lacks a presence; judging by the new ones in Southern California, there'll always be WMT. :)

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