Walmart's Brazilian Investment Hints At Slower Pace Of Expansion

Retail giant Walmart has announced plans to invest BRL1.2bn (US$755mn) in Brazil during 2011. The money will be put towards opening 80 new outlets, upgrading older stores and improving the company's logistics and technology. The firm suggested that this is on a par with its previous level of investment, having spent an average of BRL1.2bn since 2006. However, a closer examination reveals that it actually represents something of a slowdown, with the firm having invested BRL2.2bn (US$1.2bn) in 2010 and BRL1.6bn during 2009. While Brazil remains a key destination for Walmart's capital expenditure, this slight pull back perhaps hints that

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