Wal-Mart Inc. has reportedly revealed that they plan to spend $15 billion to buy back shares of their stock.
According to The Wall Street Journal, Wal-Mart is currently bringing in more money than its top competitor Target. However, some financial analysts are skeptical that Wal-Mart will be able to maintain their growth once the economy recovers.
Wal-Mart has gained customers who are seeking bargains during the "recession." The retail giant's executives are on a mission to convince investors and consumers that their 1st quarter growth is not a fluke brought on by the "recession."