Wal-Mart sees momentum
October 10, 2012-- Home Textiles Today,
Rogers, Ark. - Wal-Mart Stores Inc. president and ceo Mike Duke told analysts here today the Walmart U.S. business is in "a very good place."
With improved top and bottom line results in recent quarters, "Walmart is strong, and we are getting stronger," said Duke, who addressed the company's 19th Annual Meeting for the Investment Community.
Total company growth will be driven by international, but he also stressed fiscal discipline and productivity improvements across the organization.
"We are driving efficiencies in new stores and remodels by reducing construction costs while keeping our square footage growth where we want it to be. We are smarter about matching our systems investments to the size of the box and the need of the market," he said.
Wal-Mart Stores Inc. currently operates 10,300 stores under 69 nameplates in 27 countries and has ecommerce businesses in 10 countries.
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