Supermercado de Walmart Opens

AP, June 11, 2009

Walmart is trying to dive deeper into the $90 billion-a-year Hispanic grocery market by opening a new supermarket in west Phoenix today.

The Supermercado de Walmart is one of two stores nationwide that will test the country’s appetite for a possible string of Hispanic supermarkets. The giant retailer says its other store that opened in Houston April 29 is far exceeding expectations.

Phoenix and Houston were chosen for their large, multigenerational Hispanic populations with considerable spending power. Arizona has about 2 million Hispanic consumers.

Walmart has gained considerable knowledge and experience marketing to consumers in Mexico and Latin America and hopes to leverage it to boost sales to U.S. Hispanics, who have an estimated buying power of about $1 trillion a year.

A study of Hispanic buying power by Oklahoma State University found that Hispanics spend a larger portion of their household incomes on food–$128.50 per week compared with $91 for non-Hispanics.

Topics:

Share This

We welcome comments that add information or perspective, and we encourage polite debate. If you log in with a social media account, your comment should appear immediately. If you prefer to remain anonymous, you may comment as a guest, using a name and an e-mail address of convenience. Your comment will be moderated.

Comments are closed.