Wal-Mart to Double Neighborhood Markets

Wal-Mart to Double Neighborhood Markets

Wal-Mart Express stores "comped better than we had imagined as they hit their first year, and they reached profitability faster than we thought they would." — Duncan McNaughton, executive vice president, chief merchandising and marketing officer, Wal-Mart

ROGERS, Ark. — Wal-Mart Stores plans to open 125 new supercenters and between 95 and 115 smaller-format stores — mostly Neighborhood Markets — next year while reducing its capital budget, company officials said at an investor meeting here.

Longer term, the company said it expects to have 500 Neighborhood Markets operating within three years — more than double the 240 it currently has — with sales of

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