Walmart to open 219 locations in 2013, slow capital spending growth

By bluesky on October 15, 2012 in Profits, Retail, Walmart

Home Furnishings News has reported that Walmart said it would open about 219 U.S. locations, including Walmart stores, Sam’s Clubs and its new smaller-format Neighborhood Markets in fiscal year 2013, the company told attendees at its annual conference for the investment community earlier this week. At the same time, the retailer said its planned capital expenditures for the next fiscal year would be flat to slightly down from fiscal 2012, totaling in the range of $12.6 billion to $13.5 billion. Looking further beyond, Walmart’s projection calls for a further deceleration in capital spending in 2014, to between $12 billion and $13 billion.

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Walmart to open 219 locations in 2013, slow capital spending growth

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