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Wal-Mart outlines strategy

from The Wall Street Journal

Wal-Mart U.S., the largest unit of retail giant Wal-Mart Stores Inc., said it is confident about its momentum heading into the holidays, as it outlined a strategy that includes more emphasis on smaller-format stores and more e-commerce. For the first time since it began online sales in 2000, Wal-Mart broke out its e-commerce goal: Speaking at the annual analyst meeting, executives said the company targets world-wide online sales of $9 billion by fiscal 2014. more


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