WAL-MART SEES GLOBAL GROWTH DESPITE GERMAN DISAPPOINTMENT

NEW YORK -- Wal-Mart is "disappointed" with its performance in Germany but remains bullish on global growth, John Menzer, chief executive officer of Wal-Mart's International division, said in remarks to the Goldman Sachs Global Retailing conference here.Menzer said that Wal-Mart stores outside the United States will account for one-third of the company's sales and growth over the next three to five

NEW YORK -- Wal-Mart is "disappointed" with its performance in Germany but remains bullish on global growth, John Menzer, chief executive officer of Wal-Mart's International division, said in remarks to the Goldman Sachs Global Retailing conference here.

Menzer said that Wal-Mart stores outside the United States will account for one-third of the company's sales and growth over the next three to five years. The Bentonville, Ark.-based retailer opened its first store outside U.S. border

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