Record Investment Plan by Wal-Mart

Wal-Mart Stores has just announced that it plans to spend a record US$385mn to expand its Brazilian operations in 2007. The company plans to open 28 new stores over the course of the year: "Brazil is an opportunity, with a solid base that we know how to grow," said Vicente Trius, Wal-Mart Brasil's president: "We are committed and we are going to continue investing in Brazil."

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