Wal-Mart's Long Game Poised To Reap Rewards In Mexico
Mexico is a retail market fast reaching its developmental peak. As such, competition is ramping up, with local players like Soriana eager to make up ground on market leader Wal-Mart. Having absorbed domestic rival Comercial Mexicana, Soriana has set an ambitious growth plan from 2018 onwards. Wal-Mart, however, is unlikely to be seriously challenged any time soon, as its multi-format strategy — hypermarkets/discount-bodega stores/warehouse clubs — ensures it covers a broad swath of the population. …