Wal-Mart Cuts Cap-Ex Projections Further

Wal-Mart Stores yesterday said it will reduce its capital-expenditure forecast for the current fiscal year to a range of $13 billion to $14 billion, down from the $13.5 billion to $15.2 billion that the retailer projected last October.

BENTONVILLE, Ark. — Wal-Mart Stores here yesterday said it will reduce its capital-expenditure forecast for the current fiscal year to a range of $13 billion to $14 billion, down from the $13.5 billion to $15.2 billion that the retailer projected last October. The company announced the reduction at the William Blair & Co. Annual Growth Stock Conference in Chicago yesterday. At the company’s annual shareholders’ meeting earlier this month, Wal-Mart had projected that cap-ex was running tow

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