Walmart to open three to five more India stores by year-end
Bangladesh, India — A Tuesday report by Reuters said that the Indian joint venture of Wal-Mart Stores and Bharti Enterprises has announced plans to open three to five cash-and-carry/wholesale stores in India by the end of the year.
The partnership currently operates 17 wholesale stores in India.
Foreign ownership regulations in India do not allow global hypermarket and supermarket chains to open retail stores in the country, but they are allowed to operate wholesale operations.
McDonald’s global same-store sales rise 3.7% in August
Oak Brook, Ill. — McDonald’s Corp. reported Tuesday that same-store sales overall increased 3.7% in the month of August.
By segment, same-store sales rose 3% in the U.S., 3.1% in Europe, and a hearty 5.7% in Asia/Pacific, Middle East and Africa.
Systemwide sales for the month increased 1.2%.
Walmex same-store sales rose 4.1% in August, beating Street
Mexico City — Wal-Mart Stores’ Mexican arm Wal-Mart de Mexico reported Monday that same-store sales for the month of August rose 4.1%, beating analysts’ expected 2.8% increase.
The retailer, which is being investigated for bribery to expedite store openings, projects improved results for the second half of the year.