Walmart Announces Three-Year Strategic Plans At 2015 Meeting

Wal-Mart Stores, Inc. discussed its strategic outlook and future growth plans at the company’s 2015 annual meeting. Part of the company’s three-year strategic plans, net sales is projected to grow between 3 percent and 4 percent annually, or $45 billion to $60 billion, during the period. Also, the company highlighted plans to invest in people and technology to ensure strong shareholder returns. In terms of capital investments, the company will allocate $11 billion for fiscal year and will likely remain at that level for fiscal years 2018 and 2019. Also, the company said it plans to invest about $1.1 billion on e-commerce and digital business ventures in fiscal year 2017.