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• The Arkansas Democrat-Gazette reports that Walmart CEO Lee Scott told an analysts conference in New York that the company’s strategy of focusing more on remodeling old stores than opening new stores – 350 units in the US were remodeled this year, with 700 expected to revamped in each of the next two years – has proven to be beneficial to the company.

According to the story, “Retail analysts and consultants say the remodeled stores have much-improved sight lines — making it easier for shoppers to find what they’re looking for — brighter lighting and better organized displays, especially in electronics and apparel.”

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