CHICAGO — Wal-Mart Stores is shifting resources it devoted to remodels back into its new-store pipeline, saying a slowdown in new-store builds in recent years has contributed in part to its declining same-store sales. In a presentation here Wednesday, Bill Simon, president and chief executive officer of Walmart U.S., said moderated supercenter growth since 2007 has negatively affected comp sales since those stores tend to perform best in their second, third and fourth years. The company, ...
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