date:Apr 24, 2014
il, where the company has had four local CEOs in a decade.
Kevin Gardner, a Wal-Mart spokesman, said the company is pleased with sales of food and consumables in Brazil, which he said represent the bulk of business there. Wal-Mart continues to work on the everyday low price strategy in Brazil, he said in an e-mail. A local e-commerce website, which debuted in October, has shown early signs of success, Gardner said.
In its fourth-quarter earnings release in February, Wal-Mart reported that whil