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Reuters reports that "the China operating arm of U.S. retailer Wal-Mart Stores Inc said on Tuesday it planned to invest 580 million yuan ($92.99 million) to remodel 55 existing stores in China this year to enhance store operations and optimize customer experience.

"Wal-Mart China also said it will open about 30 high-quality stores and additional distribution centers in China this year as part of its three-year growth plan announced last October."

CityWire reports that Walmart has scoured "the nation’s top business schools and offers paid summer corporate internships to 19 students in graduate business (MBA) programs. This year’s crop of finance and strategy interns were chosen from 300 candidates and are set to begin their 12-week stint in Bentonville on May 28.

"The MBA interns selected hail from prestigious business schools including, Northwestern University, Harvard, Massachusetts Institute of Technology, University of North Carolina, Dartmouth, University of Texas and Duke."

“Walmart doesn’t hire interns to do busy work," Colby Webb, senior manager of corporate finance, tells City Wire. "Across the company we can have 250 interns working and every one of them is assigned a project to work on that will add value back to the company. Whether it’s something in consumer insights, logistics or merchandising, they work on their project and they are involved in other daily tasks. They have access to top executives through the company’s executive leadership speaker series. We look to provide our interns with a blended experience that gives them a real taste of what it’s like to work here full-time."
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