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Walmex sales rise 2.9% YOY in July

Wal-Mart de México SAB de CV, or Walmex, said Aug. 6 that its consolidated sales in July grew 2.9% year over year to 50.96 billion Mexican pesos.

The Mexican arm of U.S. retail giant Walmart Inc. said total sales in Mexico jumped 3.6% year over year to 41.69 billion pesos in July, while sales in Central America increased 0.1% year over year to 9.27 billion pesos.

Comparable store sales climbed 2.2% in Mexico but slid 1.2% in Central America on a constant currency basis.

Walmex opened 14 new stores in Mexico in July.

As of Aug. 5, US$1 was equivalent to 19.56 Mexican pesos.