Wal-Mart will continue growth strategy

(April 8, 2004) — (Little Rock-AP) -- Bentonville-based Wal-Mart isn't pulling back on its expansion plans. Speaking in Little Rock yesterday, Wal-Mart chief executive Lee Scott said the world's largest retailer won't let opposition in a few areas slow its massive expansion plans. Scott says Wal-Mart is focusing on building more of its Supercenters, which combine grocery and discount stores. Scott says the company is slowly building more if its Neighborhood Market grocery stores. When the company reaches a peak with its Supercenters, Scott says Wal-Mart's strategy is to then step up building of its Neighborhood Markets. In a vote Tuesday in Inglewood, California, residents turned away a ballot item that would have allowed a new Wal-Mart discount store. Scott says the company is willing to lose the occasional vote during its expansion.