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Wal-Mart Plans National Expansion Ahead Of New Zoning Laws

Posted by: Brenda Meyer

31 October 2005 - 9:00am

Wal-Mart's CEO recognizes that zoninig laws will becoming increasingly less friendly to supercenters, and so plans to ramp up expansion with plans to open between 550-600 stores in the upcoming year.

"Wal-Mart Stores Inc. plans to open 270 to 280 supercenters in the next fiscal year and add more than 60 million square feet to its total retail space, an increase of more than 8 percent.

...Wal-Mart Chief Executive Officer Lee Scott said earlier this year that he expects zoning laws to get tougher in the years to come, so Wal-Mart is eager to ramp up expansion now."

Full Story: Wal-Mart looks to get even bigger
Source: CNN Money, October 31, 2005
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