“Our expansion plan will continue to support the socioeconomic development of the Brazilian population. The focus in formats aimed at the emerging middle class will be even stronger in 2011.”-Marcos Samaha, president of WalMart Brazil

Recently WalMart officials expressed their concerns for the poor U.S. retail market.  They blame inflation and lack of jobs.  But, WalMart is spending big money in Brazil, ’cause the economy is boomin’ there.

Brazil is one of the money making members of BRICS (Brazil, Russia, India, China & South Africa).

WalMart is going to open 80 new stores in Brazil, and spend R$ 1.2 billion in the next year (R$ = Real, the Brazilian money).   In the past five years, WalMart has already invested R$ 6 billion, constructing 177 stores and creating 25,000 jobs in Brazil.