Wal-Mart slows store growth, puts more into e-commerce

Posted: October 11, 2017 at 4:30 a.m.

Customers leave a Wal-Mart in Hialeah Gardens, Fla., in June. As the Bentonville-based retailer expands its online sales, it is slowing the number of new stores being opened.

Wal-Mart Stores Inc. expects U.S. e-commerce sales growth of 40 percent in the next fiscal year and plans to open another 1,000 grocery pickup locations, continuing its push to challenge Amazon.com for retail sales by emphasizing the integration of its online and in-store businesses.

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