Wal-Mart Stores sets bullish sales target

Wal-Mart Stores sent out a message to naysayers who say the chain’s best days are behind it.



Speaking at the Consumer Goods Forum conference in Cape Town, South Africa, Wal-Mart CEO Doug McMillion said the retailer expects to add $45 billion to $60 billion of new sales during the next three years.



"So sometimes people say Walmart is not really a growth company any more,” said McMillion, according to a Reuters report. “I want to say: 'Well, if we layer on $50 to $60 billion, would that count, in three years?"



A company presentation shown on screen at the event projected a sales increase of $45 billion to $60 billion in the next three years.



For its most recently completed fiscal year, Wal-Mart reported $482.13 billion in total revenues.