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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 This material may not be published, broadcast, rewritten or redistributed.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 73 391 11,120
MORTGAGES 88 481 13,903
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 198 969 24,034
BANKRUPTCIES 54 288 8,432
BUSINESS LICENSES 29 126 3,771
UTILITY CONNECTIONS 67 536 13,457
MARRIAGE LICENSES 17 103 3,031

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