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Report: Wal-Mart CEO says chain ramping up pace of acquisitions


New York -- Doug McMillon, CEO of Wal-Mart Stores, said the company plans to ramp up the company's pace of partnerships and acquisitions as part of a broader strategy to better compete with digital rivals, Bloomberg reported.

“We’ve been more acquisitive lately, especially for talent,” McMillon said, according to the report. “And our pace of acquisitions, I think, is going to accelerate.”

McMillion, who made his remarks during a presentation at the Code Conference, in Rancho Palos Verdes, California, also said the chain, might one day use 3-D printers for producing supplies.

“Three-D printing is interesting to me. We can use 3-D printing over time for replacement parts,” McMillion said, according to the report.

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