Wal-Mart Is Expanding
By: Import User
Updated: January 7, 2009
Bentonville-based Wal-Mart plans to open as
many as 195 new stores and replace or expand another 160 in the
United States next year.
In addition, Wal-Mart`s international division will open 100 to
110 new stores in existing markets and replace or expand 30 stores.
Beginning in February, the world`s largest retailer plans to
open 50 to 55 new discount stores, 80 to 90 new Supercenters, and
25 to 30 new Neighborhood Market grocery stores. It also is to open
15 to 20 new Sam`s Clubs in the U-S. The company said an additional
140 Supercenters and 20 Sam`s Clubs will expand on or replace
existing stores.
The company also plans three new regional merchandise
distribution centers and two new food distribution centers during
its next fiscal year.
Wal-Mart affirmed its forecast for third-quarter earnings of 45
cents to 47 cents per share. Earnings are currently tracking in the
middle of that range.
