Wal-Mart Touts International Potential

In a raucous shareholders meeting hosted by Queen Latifah and featuring a big-name roster of musical performers, Wal-Mart Stores on Friday touted its international growth potential and said it was “exploring” development possibilities in Russia.

BENTONVILLE, Ark. — In a raucous shareholders meeting here hosted by Queen Latifah and featuring a big-name roster of musical performers, Wal-Mart Stores on Friday touted its international growth potential and said it was “exploring” development possibilities in Russia. The company also projected that capital expenditures for the current fiscal year would be at the low end of previous projections of $13.5 billion to $15.2 billion. Company executives were decidedly upbeat during the four-hour meeting, repeatedly incorporating the company’s “Save more, live better” mantra into its presentations, noting that its customers are benefiting during the economic downturn from Wal-Mart’s low-price positioning. The company also stressed its leadership in the areas of sustainability and diversity.

Read More of Today's Headlines [2]