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Walmart CEO Calls Company A "Path Forward And A Ladder Up" For Associates

FAYETTEVILLE, Ark., June 7, 2013 /PRNewswire/ -- In remarks at the company's Annual Shareholders Meeting, Wal-Mart Stores, Inc. President and CEO Mike Duke today credited associates for the retailer's financial strength and personally welcomed on stage several dozen associates who represent the significant range and number of job and career opportunities offered by the world's largest private employer.

"No company provides more opportunity to more people to go from where they are to where they want to be than Walmart," said Duke. "Associates join Walmart for so many different reasons. When it comes to our careers, what we all have in common is that we started somewhere. What matters most is that we get the chance to go as far as hard work and talent will take us."

Reporting to shareholders on Walmart's performance, Duke highlighted the company's strong financial results, net sales growth at its operating segments, and management's confidence in its long-term business strategies. He also said that he expects the company to generate $10 billion in global e-commerce sales by the end of the fiscal year. Duke added, "None of this success would be possible without the heart and hard work of our associates." Over the past two years, Walmart has delivered to shareholders its best overall return in stock performance and dividends in more than a decade.

The chief executive said that he has high expectations not just for Walmart associates, but also for how the company treats its associates. "We know that juggling life and work -- the economics, the scheduling, the expectations -- is often tough," said Duke. "Can we find ways to offer associates more hours when we have them, more flexibility if they need it, and more training to help their careers wherever life takes them? Can we do more to build an entryway to a job and career for those who really look to us for opportunity -- like young people or people restarting their careers? Can we be a laboratory for learning and create credentials of accomplishment that associates can lean on to advance their careers?"

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