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Wal-Mart de Mexico Falls to Two-Year Low as Taxes Crimp Sales

Wal-Mart de Mexico SAB, Latin America’s biggest retailer, fell to the lowest since September 2011 after a report showed sales slipped at its stores.

Walmex, as the company is also known, retreated 2 percent to 30.58 pesos at 9:44 a.m. in Mexico City. It was one of the worst performers on the country’s IPC index of 35 stocks, which retreated 0.4 percent. The retailer accounts for 6.6 percent of the benchmark’s weighting, the seventh highest.