Wal-Mart to Open Up to 465 Stores Oct 2, 2002

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Wal-Mart Stores Inc. plans to open as many as 465 stores next year in its biggest expansion ever. The plan includes as many as 210 supercenters, which offer fresh food as well as general merchandise, Wal-Mart said. For the current year, which ends Jan. 31, the discount retailer expects to have opened about 192 supercenters, more than its goal of 185, Treasurer Jay Fitzsimmons said. Wal-Mart's sales in July and August fell short of its projections, and the company reduced its forecast for
September totals as shoppers purchase less clothing. (Bloomberg News)

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