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07/25

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Wal-Mart Opens 147 U.S. Stores and Clubs in First Half of Fiscal Year

BENTONVILLE, Ark., July 25, 2001 --- Wal-Mart Stores, Inc. is on track to open, expand or relocate nearly 300 U.S. Wal-Mart stores and SAM’S CLUBS this fiscal year, based on grand openings from February through July. With Supercenters grand opening today in Brighton, Colo., and North Logan, Utah, the company so far this year has opened 147 stores and clubs and contributed $1.4 million to charities in grand-opening ceremonies.

The mid-year breakdown for new and expanded units (in the United States) is:

  • 110 Supercenters
  • 11 discount stores
  • 4 Neighborhood Markets
  • 22 SAM’S CLUBS

In addition, Wal-Mart International has opened 34 units in existing markets so far this year, with 87 more stores and clubs planned by Jan. 31, 2002.

"We are on plan to complete the most aggressive expansion program in our history," said Lee Scott, president and chief executive officer of Wal-Mart Stores, Inc. "By the end of the fiscal year, we will have added 40 million square feet of new retail space, an 8 percent increase over last year’s total expansion. More important, during an economic slowdown, we are meeting our customers’ growing demands for value, convenience and selection, while our associates are giving back half a million dollars a day to the communities where they live and work."

Before and during grand-opening ceremonies, Wal-Mart and SAM’S CLUB associates present checks to charitable organizations in their communities. The donations are part of the Wal-Mart Good.Works. initiative, a year-round effort to involve associates in their communities. Associates of approximately 3,500 Wal-Mart and SAM’S CLUB locations, including distribution centers, raised and contributed more than $190 million to local charitable organizations last year.

With annual sales of $191 billion, Wal-Mart Stores, Inc. operates more than 2,600 discount stores, Supercenters and Neighborhood Markets, andore than 480 SAM’S CLUBS in the United States. Internationally, the company operates more than 1,080 units. Wal-Mart employs 962,000 associates in the United States and 282,000 in other countries. The company’s securities are listed on the New York and Pacific stock exchanges under the symbol WMT.

FORTUNE magazine has named Wal-Mart the third "most admired" company in America and one of the 100 best companies to work for in the United States, and Americans named Wal-Mart the company they think of first in supporting local causes and issues, according to Cone, Inc. More information about Wal-Mart can be located on-line at www.walmartstores.com. The SAM’S CLUB Web site can be accessed at www.samsclub.com . And more information about Wal-Mart’s Good.Works. community involvement is available online at www.walmartfoundation.org.