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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 This material may not be published, broadcast, rewritten or redistributed.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 79 320 1,063
MORTGAGES 115 443 1,369
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 163 509 2,022
BANKRUPTCIES 119 275 779
BUSINESS LICENSES 26 110 326
UTILITY CONNECTIONS 46 281 777
MARRIAGE LICENSES 8 49 184

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