Wal-Mart plans to slow new store openings, invest in online

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NEW YORK, N.Y. - Wal-Mart Stores Inc. is planning to slow new store openings as it looks to pour more money into its online efforts, technology and store remodels.

Wal-Mart closed on its more than $3 billion buyout of the fast online retailer Jet.com last month, showing how heavily it's willing to invest as it tries to boost online sales that totalled $13.7 billion last year — still just a fraction of the company's annual revenue.

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