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VOL. 128 | NO. 202 | Wednesday, October 16, 2013

Wal-Mart Announces Disciplined Store Expansion

AP

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NEW YORK (AP) – Wal-Mart Stores says that it plans to spend anywhere from $11.8 billion to $12.8 billion in capital expenditures for fiscal 2015.

That's $200 million lower than the revised projection for the fiscal year.

The world's largest retailer says that for the first time it's accelerating its expansion of smaller stores at a faster pace than its supercenters in the U.S. Overseas, it's closing some stores in China and Brazil as it aims make those markets more profitable.

The company, based in Bentonville, Ark., says it expects overall net sales to be up 3 to 5 percent for fiscal 2015.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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