We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Wal-Mart Plans To Slow Down Expansion In US

October 11, 2016: 12:00 AM EST
Wal-Mart Stores Inc. said it will not close stores but will open new locations at a slower pace in fiscal year 2018. During its latest investor meeting, the retailer announced plans to build 35 new supercenters and 20 Neighborhood Markets, compared with 69 supercenters and 161 Neighborhood Markets in 2015. Also, the company announced its fiscal year 2017 capital expenditure for Walmart US will be $6.4 billion, compared with $6.8 billion in the previous year. For fiscal 2018, capex drops further to $6.1 billion, the company said. As Wal-Mart battles with Amazon for market share, the company will rely more on same-store sales and growth in e-commerce, technology, and other areas.
Tonya Garcia, "Wal-Mart to take on Amazon with upgrades to its bricks-and-mortar stores", MarketWatch, October 11, 2016, © MarketWatch, Inc.
Market News
North America
United States of America
Companies, Organizations
Market News
Marketing & Advertising
Developed by Yuri Ingultsov Software Lab.