Wal-Mart’s (WMT) shares are already near a 52-week low. But, now word comes, by way of The Wall Street Journal, the the financially hard-hit Hispanic communities in the Southeast US and Mexico are less and less likely to spend money at retail. A number of workers in this part of the population are employed in the housing industry.
With over 900 Wal-Mart stores, Mexico trails only the US in Wal-Mart retail outlets.
Soon, there will be no markets were Wal-Mart is doing well.
Douglas A. McIntyre