Wal-Mart to Scale Back Store Openings
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FAYETTEVILLE, Ark. -- Wal-Mart will scale back the number of planned U.S. supercenter store openings next year by more than 25 percent, a move that will drop its capital expenditures by $1.5 billion in the current fiscal year, the company announced Friday at its annual shareholders meeting.
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Wal-Mart Stores Inc. is scaling back the health-care plans available to new employees, sparking fresh criticism over whether the giant retailer is providing adequate coverage to its workers.
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The world&#39;s biggest retailer, Wal-Mart Stores Inc., said it planned at least 10 new stores in China next year, joining other foreign retail giants in taking advantage of new rules letting them move into smaller cities.
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Eduardo Castro-Wright, head of  Wal-Mart's U.S. operations, said the retailer is looking to  improve its returns by building fewer stores and stores that  are smaller.
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Wal-Mart Stores Inc., the world's largest retailer, said Monday it is cutting prices on back-to-school items and other products in a move to combat the effect of high gas prices on customers' spending.
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Wal-Mart Stores Inc.  said on Wednesday that it intends to open 1,000 Wal-Mart MoneyCenters and launch a reloadable prepaid Wal-Mart MoneyCard, in a major expansion of financial services the retailer provides to its base of low-income customers.
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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) , the world&#39;s largest retailer, said on Saturday it still anticipates a 2 percent to 4 percent increase in November sales at its stores open at least a year.
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NEW YORK -- Wal-Mart Stores Inc. , the world's largest retailer, set the stage for price wars yesterday as it said it is cutting prices on more than 16,000 items starting this week in a bid to turn around sales for the critical back-to-school season.
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Wal-Mart Stores Inc. WMT.N racked up   strong back-to-school sales, but customers continued to cut   back on shopping trips to save on gasoline, the chief of   Wal-Mart's U.S. discount stores said on Thursday.
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NEW YORK -- Wal-Mart Stores Inc. , the world's largest retailer, plans to expand its financial-service centers more than fourfold to 1,000 stores by 2009 after abandoning an attempt to start a bank.
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Wal-Mart Stores Inc. , the world's largest retailer, said on Saturday it still anticipates a 2 percent to 4 percent increase in November sales at its stores open at least a year.
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Wal-Mart Stores Inc.  on Thursday said it expects February sales at its U.S. stores open at least a year to be up between 1 percent and 2 percent.
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Wal-Mart Stores Inc. plans to open or expand 40 to 45 discount stores and 240 to 250 Supercenters in the United States next year as the world&#39;s largest retailer continues an aggressive expansion plan.
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Wal-Mart Stores Inc., the world&#39;s largest retailer, said Saturday it expects a 0.7 percent increase in November sales at its US stores open at least one year, down from a forecast of 2 percent to 4 percent a week ago.
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Wal-Mart Stores Inc. said yesterday it is considering new store sizes and types in the US market but played down the possibility of acquisitions as it faces slowing sales growth at older stores and new competition from British rival Tesco PLC.
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Wal-Mart Stores Inc., the world's largest retailer, announced Monday that it expects its December sales to have risen 3 percent at stores open at least a year, a figure that is at the top end of the company's sales estimate.
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Wal-Mart Stores Inc., the world&#39;s largest retailer, plans to open as many as 295 stores in the US in 2005. The retailer will open 40 to 45 discount stores and 240 to 250 supercenters, which