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Wal-Mart expansion

This article was originally published in The Tan Sheet

Executive Summary

Nationwide retailer plans FY 2004 expansion with 50 to 55 new discount stores, 220 to 230 new Supercenters. Fiscal year beginning Feb. 1 also will bring additions of 30 units to Neighborhood Market concept, 35 to 40 new Sam's Club locations. Wal-Mart is slated to open 130 to 140 units in existing international markets. Current international markets include Argentina, Brazil, Canada, China, Germany, Korea, Mexico, Puerto Rico and the UK. Company also reaffirms earnings guidance of 45¢ to 47¢ per share for third quarter of 2003...
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