Walmart to cut cap-ex, slash unit growth next year

Walmart to cut cap-ex, slash unit growth next year

Wal-Mart Stores will cut U.S. capital expenditures and halve its new store growth in the coming fiscal year, while focusing on store remodels and relying on increased comps and e-commerce sales.

The Bentonville, Ark.-based company made the announcement in advance of its annual meeting for the investment community scheduled for Thursday.

Preliminary guidance for 2017, which Walmart calls fiscal 2018, calls for flat earnings-per-share growth amid "continued momentu

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