Wal-Mart Grows Cap-Ex, Cuts Store Growth

Wal-Mart Stores here will continue to slow its pace of new-store growth in the U.S. and shift its spending toward remodels and overseas expansion, the company said in a meeting with investors and analysts yesterday.

BENTONVILLE, Ark. — Wal-Mart Stores here will continue to slow its pace of new-store growth in the U.S. and shift its spending toward remodels and overseas expansion, the company said in a meeting with investors and analysts yesterday.

Although total capital expenditures for fiscal 2011 — which begins early next year — will increase to a range of $7 billion to $8 billion in the U.S., up from about $6.6 billion to $6.8 billion in the current fiscal year, square footage growth is

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