Wal-Mart Trims 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 toward overseas expansion, the company said in a meeting with investors and analysts last week. 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

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 toward overseas expansion, the company said in a meeting with investors and analysts last week.

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