HOLD OFF ON CELEBRATING WAL-MART'S GROWTH SLOWDOWN

At first blush it seemed last week's business media headlines heralded supermarket nirvana."Wal-Mart Scales Back Expansion," stated the Wall Street Journal. "Wal-Mart to Slow Growth in U.S. Market," blared CNN/Money.com.The news sprung from Wal-Mart's presentation during an investor meeting (see story, Page 1).The company said it will reduce its global square-footage growth next year to 7.5%, including

At first blush it seemed last week's business media headlines heralded supermarket nirvana.

"Wal-Mart Scales Back Expansion," stated the Wall Street Journal. "Wal-Mart to Slow Growth in U.S. Market," blared CNN/Money.com.

The news sprung from Wal-Mart's presentation during an investor meeting (see story, Page 1).

The company said it will reduce its global square-footage growth next year to 7.5%, including about 7% domestically. That compares to 8% expansion on b

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