Wal-Mart Invests In Argentina

Retail giant Wal-Mart has announced plans to open between 12 and 15 new stores in Argentina by the end of 2009. The firm has revealed that the expansion will require an investment of between US$100mn and US$130mn, and the new stores will increase the firm's store network in the country by over a third. This substantial investment indicates that Wal-Mart is taking a renewed interest in Argentina, following a massive increase in consumer spending over the last two

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