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.

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