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Now Entering Wal-Mart's Superstore Ice Age

By Al Norman Sprawl-Busters across America are celebrating this week. Wal-Mart announced at its October 6th Investor's meeting that it "plans to slow new-store openings," shifting its capital investments towards e-commerce technology. In its superstore segment, Wal-Mart will drop from 69 new big box stores in FY 16, to 60 in FY 17, and only 35 by FY 18. In his comments, Wal-Mart CEO Doug McMillon flatly stated: "We are a company that must become more of an e-commerce and technology company.
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