inStorebuyer - November 2012 - (Page 16)

2 Annual Sales: $264.2 billion US Number of (US) Stores: 3,103 Supercenters, 611 Sam’s Club, 232 Neighborhood Markets, 16 small formats (Walmart Express, Walmart on Campus, Super Ahorros) Store Banners: Walmart Supercenter, Sam’s Club, Neighborhood Market, Supermercado Address: 702 SW 8th Street, Bentonville, AR 72716 Phone: (479) 273-4000 Web: Key Personnel: David Hall, vice president, deli Walmart Walmart US will continue to accelerate the rollout of Neighborhood Markets and estimates that it will build between 95 and 115 small format stores in fiscal year 2014. Walmart expects to operate more than 500 Neighborhood Markets by fiscal year 2016. “Supercenters remain our primary driver of growth and returns. Because we see increased momentum in comp and total sales and traffic performance, we will continue to accelerate the rollout of Neighborhood Markets,” says Bill Simon, Walmart US president and CEO. “Our small format provides a competitive advantage that allows us to rapidly fill in new markets and compete more effectively with grocery, dollar and drug store competitors.” Sam’s Club will open more clubs next year with relatively flat capital funding. Sam’s Club expects to add 10 to 15 new clubs next year on approximately $1.0 billion in capital spend. In addition, Sam’s expects to remodel slightly more clubs, but at 10% lower cost.  Walmart outlined its financial priorities for next fiscal year ending Jan. 31, 2014, at its annual conference for the investment community in mid-October. The company’s plans include a reduction in capital expenditures that will drive comp and new store growth, operating leverage and productivity initiatives and expansion in global e-commerce, including acquisitions. President and CEO Mike Duke said Walmart will continue to expand its physical presence through a variety of formats across markets, while also investing in initiatives to enhance operational excellence and further new e-commerce opportunities. The company reaffirmed its most recent capital expenditure forecast of $12.6 billion to $13.5 billion for the current fiscal year. The fiscal 2014 capital plan will range from $12 to $13 billion. Charles Holley, executive vice president and chief financial officer, outlined the investment plan for fiscal year 2014. “Walmart plans to grow total company sales 5% to 7% in fiscal 2014, which is projected to increase net sales by $23 to $33 billion,” he says. “We expect to increase retail square footage by 3% to 4% next year, which would add another 36 to 40 million square feet around the world. Operating expenses will continue to grow less than the rate of sales growth.” | 16 | inStorebuyer | November 2012 |

Table of Contents for the Digital Edition of inStorebuyer - November 2012

inStorebuyer - November 2012
Editor's Note - Innovation & Information
Table of Contents
Front line news - RBA Roadshow in Chicago
Cedar’s Launches T.G.I.FRIDAY’S Dips
Meiko Launches Unique Washer
Stop & Shop Opens LEED Store
The Innovators
Profiles - Ahold USA
Profiles - Walmart
Profiles - Safeway
Profiles - H-E-B
Profiles - Trader Joe's
Profiles - Wegmans
Profiles - Whole Foods Market
Profiles - Giant Eagle
Profiles - Hy-Vee
Profiles - Target
Profiles - Publix
Profiles - Kroger
Profiles - Schnucks
Profiles - Fresh & Easy
Profiles - Kings Food Markets
Profiles - The Fresh Market
Profiles - Harris Teeter
Profiles - Roundy's
Profiles - Meijer
Profiles - Fairway Market
Profiles - United Supermarkets
Profiles - Brookshire Grocery
Profiles - Cavier & Bananas
Product Trends
Product Showcase
Marketplace Network

inStorebuyer - November 2012