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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 This material may not be published, broadcast, rewritten or redistributed.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 57 269 12,541
MORTGAGES 80 325 16,357
FORECLOSURE NOTICES 43 77 3,269
BUILDING PERMITS 0 561 27,337
BANKRUPTCIES 52 221 10,435
BUSINESS LICENSES 18 102 4,186
UTILITY CONNECTIONS 66 351 16,272
MARRIAGE LICENSES 24 99 3,665

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