(Reuters) - Wal-Mart Stores Inc. said on Friday it will cut the number of supercenters it plans to open this year by as much as 30 percent as it tries to boost sales at U.S. stores, sending it shares up 4 percent.
Chief Financial Officer Tom Schoewe, who also said the world's biggest retailer will buy back $15 billion of its own stock, made the eagerly awaited comments at the annual shareholders' meeting.
Read more at Reuters Africa
Chief Financial Officer Tom Schoewe, who also said the world's biggest retailer will buy back $15 billion of its own stock, made the eagerly awaited comments at the annual shareholders' meeting.
Read more at Reuters Africa
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