Wal-Mart doubles down on ‘big boxes’ in Brazil despite sluggish sales
March 13, 2017 at 07:27 AM EDT
Facing lackluster sales in the world’s fifth-largest consumer market, Wal-Mart Stores Inc. is making a contrarian bet in Brazil, investing heavily to revamp its U.S.-style big-box stores even as shoppers increasingly flock to smaller, cheaper options.