New-Store Push Will Buoy Comps: Wal-Mart

Wal-Mart Stores is shifting resources it devoted to remodels back into its new-store pipeline, saying a slowdown in new-store builds in recent years has contributed in part to its declining same-store sales.

CHICAGO — Wal-Mart Stores is shifting resources it devoted to remodels back into its new-store pipeline, saying a slowdown in new-store builds in recent years has contributed in part to its declining same-store sales.

In a presentation here Wednesday, Bill Simon, president and chief executive officer of Walmart U.S., said moderated supercenter growth since 2007 has negatively affec

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