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Thursday, June 16, 2016

[fm]: Wal-Mart targets new sales of up to $60 billion by 2019: CEO


Wal-Mart Stores (WMT.N), the world's biggest retailer, expects to add $45 billion to $60 billion of new sales over the next three years, the chief executive said on Thursday.
"So sometimes people say Walmart is not really a growth company any more. I want to say: 'Well, if we layer on $50 to $60 billion, would that count, in three years?" Doug McMillon told delegates at the Consumer Goods Forum conference in Cape Town.
A company presentation shown on screen projected a sales increase of $45 billion to $60 billion in the next three years.

By: Reuters (Cape Town).
Reporting: Wendell Roelf. 
Editing: Adrian Croft. 
Photo: Channel News Asia. 
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
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