Wal-Mart projects store growth

October 22, 2009 12:40:13 PM PDT
Wal-Mart Stores Inc. is projecting solid revenue growth for the current fiscal year and faster growth next year. It also says it will concentrate on emerging markets when it opens new stores. Company officials are forecasting revenue growth for the current fiscal year of 1 to 2 percent. They say sales should accelerate 4 percent to 6 percent in the following year.

The low-price retailer also projects that square footage growth will rise 4 percent this fiscal year and next.

Wal-Mart is based in Bentonville, Ark.

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