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• The Wall Street Journal reports this morning that Wal-Mart “aims to spend less than the $15.5 billion it earmarked for this year's capital spending on building and expanding stores, among other projects. The year’s capital budget originally was for $17 billion, but in June the company cut the number to $15.5 billion, saying that it wanted to reduce its expansion rate in favor of improving same-store sales and stock performance. “In curtailing its expansion, Wal-Mart is moving ahead first with the new stores that yield the best return on its spending,” the Journal writes. “The retailer aims to spend less than its $15.5 billion budget by finding ways to cut its construction costs, among other things.”
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