(Updates with historical comparison in first paragraph.)
Dec. 6 (Bloomberg) -- Wal-Mart de Mexico SAB, Latin America’s biggest retailer, said Mexican same-store sales rose 12.6 percent in November from a year earlier, the biggest gain in almost five years.
Total sales for Mexico and Central America were 35 billion pesos ($2.6 billion), the company said today in a statement. Same-store sales in Central America dropped 0.3 percent from a year earlier. The increase in Mexico was the biggest since a 13.4 percent gain in December 2006, according to company data.
Wal-Mart de Mexico is luring more shoppers because of a government-sponsored initiative to offer discounts over a four- day period last month around a holiday weekend. President Felipe Calderon backed the plan, offering to pay year-end bonuses early to government workers.
Mexico’s economy is expected to expand 3.7 percent this year, according to the median estimate of 13 economists surveyed by Bloomberg.
--Editors: James Callan, Niamh Ring
To contact the reporters on this story: Crayton Harrison in Mexico City at email@example.com; Jonathan J. Levin in Mexico City at firstname.lastname@example.org
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