» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 202 | Wednesday, October 16, 2013

Wal-Mart Announces Disciplined Store Expansion

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 97 255 6,360
MORTGAGES 94 260 7,562
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 195 590 13,899
BANKRUPTCIES 67 180 4,754
BUSINESS LICENSES 26 95 2,435
UTILITY CONNECTIONS 54 185 5,081
MARRIAGE LICENSES 12 66 1,526

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.