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Walmex capital spending up
New York -- Wal-Mart de Mexico expects to spend up to $1.4 billion on investments in 2013. But the chain declined to discuss how many stores it will open.
The chain did say that it expects to increase total store space by 8% to 9% in Mexico and 6% in Central America this year.
"We think that the number of stores does not communicate much," said CEO Scot Rank in response to a question by an analyst, Reuters reported. -
Newell Rubbermaid reaffirms outlook
ATLANTA -- Newell Rubbermaid announced it will reaffirm its fiscal year 2013 outlook, as provided in its fourth quarter 2012 earnings press release dated Feb.1, 2013, during its presentation Thursday at the Consumer Analyst Group of New York (CAGNY) conference.
The company’s guidance and key assumptions for the full year 2013 are as follows:
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Core sales increase of 2% to 4%.
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Net sales are expected to grow 1% to 3%
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