SAM'S GREETED WARMLY IN BRAZIL

SAO PAULO, Brazil -- Wal-Mart Stores' initial expansion into South America has been an early success, according to the company.A Sam's Club the opened here in May -- its first South American store -- is exceeding the Bentonville, Ark.-based retailer's expectations.Gerardo Ruiz, a Wal-Mart spokesman in Bentonville, said sales volume at the warehouse club unit "has been a pleasant surprise," although

SAO PAULO, Brazil -- Wal-Mart Stores' initial expansion into South America has been an early success, according to the company.

A Sam's Club the opened here in May -- its first South American store -- is exceeding the Bentonville, Ark.-based retailer's expectations.

Gerardo Ruiz, a Wal-Mart spokesman in Bentonville, said sales volume at the warehouse club unit "has been a pleasant surprise," although he declined to reveal specifics.

Local observers, however, said busin

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