Wal-Mart branching out to Peru

Wal-Mart Stores will start work this year to eventually open stores in Peru and plans to form a local management team to run the effort, a source with the global retailer said yesterday. But a spokesman at Wal-Mart headquarters in the United States denied there were any such plans. Wal-Mart spokesman Kevin Gardner said the company was only going to run a quality assurance office in Peru for procuring products. Websites show the US-based retailer has filed as “Walmart Peru”.