Sales of Walmart de México y Centroamérica lost momentum in May

Walmart de México y Centroamérica reported that same-store sales in Central America slipped 0.6 percent in May while total sales increased 2.5 percent on a constant currency basis.

The retailer cautioned that its consolidated sales don't take into account January and February 2010 sales for Central America. Walmex opened five stores in Central America and 16 in Mexico during May. In June, it has already opened seven stores in Mexico and two discount stores in Central America.

Original source: Dow Jones