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Wal-Mart reverses comp sales decline to cut U.S. cap spending
Rogers, Ark. -- Wal-Mart Stores had positive news for analysts and investors gathered for the retailer’s annual meeting on Wednesday in Rogers, Ark. The chain said its same-store sales rose in July, August and September, reversing a two –year slump. It also announced that it plans to cut its capital spending in the United States, even as it increased cap spending abroad, as it continues to shift toward building smaller stores.
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NEW elects five new board members
CHICAGO — The Network of Executive Women has elected five new members at large to its board of directors.
New board members are Mike Byron, president of supplier diversity for Supervalu; Sarah Chartrand, SVP diversity, talent management and organizational development for Ahold USA; Marnette Perry, SVP Kroger; Suzanne Sears, VP global market development at Kimberly-Clark; and Karen Stuckey, SVP merchandising and general merchandise manager of the home division for Walmart Stores.