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BRIEF-Wal Mart International CFO sees 20-22 million new square feet of store growth in FY 2014
October 10, 2012 / 5:00 PM / in 5 years

BRIEF-Wal Mart International CFO sees 20-22 million new square feet of store growth in FY 2014

CHICAGO, Oct 10 (Reuters) - Wal-Mart Stores Inc : * Wal-mart international CFO sees 20-22 million new square feet of

store growth in FY 2014 * Wal-mart international CFO says to selectively evaluate entering new markets

through m&a * Wal-mart international CFO says m&a can also be used to fill gaps in existing

markets, add capabilities * Wal-mart international CEO says 20-22 million sq ft of store space to be

added in FY 2014 versus 21-23 million in FY 2013 * Wal-mart international CEO says biggest opportunities for sam’s club

format are Brazil and China * Exec says of China’s economy there is a moderated sense of confidence in a

very high-growth market * Mart’s sam’s club CEO says chain has just over 47 million card holders,

seeing some of highest renewal rates in a decade

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