Fiscal year 2015 capital investments are projected to be $200 million lower than this updated current year estimate. The forecast includes new stores, remodels, logistics and technology infrastructure, and is designed to add new units that will expand its retail space by approximately 19 to 21 million net retail square feet next year. Walmart U.S. will build approximately 120 to 150 small format stores next fiscal year.“We will accelerate growth of our Neighborhood Markets because of their strong returns, consistent comp sales performance and double-digit net sales increases,” said Bill Simon, Walmart U.S. president and CEO. “We will continue to build and leverage the supercenter format, which remains our primary format for growth. We plan to open approximately 115 supercenters next year, including relocations and expansions. The combination of our large and small store formats allow us to strengthen our market share position and give customers convenient access to shop for food and general merchandise, as well as access to our e-commerce offerings.
Walmart Announces $11.8 To $12.8 Billion FY2015 Global Capital Expenditure Plan; Company Remains Focused On Comp Sales Growth, International Returns, Leverage Initiatives And Capital Discipline
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