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Walmart Introduces Three-Year Business Growth Plan

October 14, 2015: 12:00 AM EST
Wal-Mart unveiled a three-year business growth plan, which includes sales growth projection of $45 billion to $60 billion for the period ending fiscal year 2019. For its main goal, the growth plan envisions Wal-Mart to be the first retailer to provide consumers with a “seamless shopping experience.” According to the company, it will achieve this goal by winning with its stores, building on digital relationship with customers, and adopting “critical capabilities” needed to drive growth. Also, the company plans to invest $1.5 billion to raise the starting wage for current associates to at least $10 in the United States. Wal-Mart is also investing in technology to improve customer experience.
Doug McMillon, President & CEO, Walmart, "Why Walmart is Positioned to Win the Future of Retail", Walmart, October 14, 2015, © Wal-Mart Stores, Inc.
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