Wal-Mart, the world’s largest retail chain with annual revenue of US$ 235.38 Bn.-(ttm), more than 6600 stores worldwide, more than 1.8 mn. employees in 15 countries and more than 25 mn. customers every day, is planning in fiscal 2008 (Feb 2007-Jan 2008) to open more than 600 new locations, increase capex by 2 to 4% and add 60 mn. sq. ft. shopping space through a variety of formats worldwide excluding any possible future acquisitions. (Source: Yahoo Biz).
“The Company will continue growing through new unit expansion, acquisitions and same-store sales, said Tom Schoewe, Wal-Mart Stores, Inc. executive vice president and chief financial officer.
“In the past three years, capital expenditure growth has been higher than square footage and sales growth,” Schoewe explained. “During our next fiscal year, we expect that square footage growth will be around 7.5 percent (10% international, 7% U.S.). (more…)
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