Wal-Mart Expects Heavy Investment as It Expands Store Pickup
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Wal-Mart Stores Inc. expects to be in heavy investment mode for the next 18 to 24 months as the company improves the way it handles inventory and outfits more locations with in-store pickup for online orders.
The Bentonville, Arkansas-based company also is working to make pricing more competitive in private-label products and bolstering its grocery business, Wal-Mart executives said Wednesday in a presentation to analysts.