The future looks bright for supermarket operators south of the border, down Mexico way, as they shift to smaller stores in smaller markets. Though street vendors, open-air markets and mom-and-pop stores still play a big role in the Mexican grocery business, the proliferation of Wal-Mart formats up and down the country — and the competitive response by Mexican-based companies — has strengthened the position of modern supermarkets in Mexico over the last 20 years, industry ...

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