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.

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 gr

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: Walmart