Walmart Slows Store Growth
Walmart executives said Monday that they plan to slow the growth of new stores in the next few years. According to the Morning News newspaper in Arkansas, where the discount retail giant is based, Walmart told analysts Monday that they plan to open 191 stores this fiscal year, with 142 to 157 stores opening the following year.
In addition, the company announced plans to introduce a new marketing campaign for the holidays, which will acknowledge the hardships faced by customers during the present downturn. It will also include "gift destinations" in Walmart stores, with various items costing $5 and $10.