default_d37ff8ff421dd6ddbce8b995Northern, WI 03/27/2013 (BasicsMedia) –Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime,anywhere – in retail stores, online, and through their mobile devices. Each week, more than 200 million customers and members visit more than 10,700 stores under 69 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2013 sales of approximately $466 billion, Walmart employs more than 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.

Wal-Mart Stores Inc said in a regulatory filing on Tuesday that is now “probable” it will incur losses related to that company representatives had bribed officials in Mexico to speed up expansion there.

Wal-Mart said in its annual report, filed with the U.S. Securities and Exchange Commission, that it could not estimate how much any loss would come to because of the complexity of the related probes and internal review, but that it would not have a material effect on its business.

The bribery allegations surfaced in a New York Times report last year that said the company had intentionally stifled an early internal probe into claims that Wal-Mart de Mexico officials had paid bribes years earlier to help build stores there.

The matter cost Wal-Mart $157 million in the fiscal year that ended January 31 and the tally will rise, the retailer said.

“We expect to continue to incur costs … in conducting our on-going review and investigations,” Wal-Mart said. As of three months earlier, the costs had come to $99 million.

Last year, Wal-Mart made a profit of $17 billion on sales of $469 billion.

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