Wal-Mart’s Chilean subsidiary, D&S, reported second-quarter sales up 8.9% on the same quarter of 2008, with comparable sales also up, by 8.2%. Profit dropped 18.9% to CLP23.51bn (£26.2m).

The retailer, which operates under a number of different formats such as hypermarket Hiper de Lider, said that most of the drop was caused by new store investments, integration processes and additional training costs. Selling, general and administrative costs rose 15.2% due to costs associated with expansion and integration into Wal-Mart International.