Bentonville, Ark. As part of its previously announced leaner growth plans, Wal-Mart Stores said on Tuesday in its annual analyst and investor meeting that it will open fewer supercenters next year and in 2010.
Wal-Mart said its plans now call for opening 166 supercenters in the fiscal 2009 year ending in January, down from 191 in the prior year. In 2010, it will open just 125 to 140 supercenters. According to the company, the reduced numbers reflect a continued focus on supercenter growth, but in fewer numbers.